Hope for the Harvest Ministries

Analysis

Hope for the Harvest Ministries is a registered charity in United States, based in Haslet, TX. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope for the Harvest Ministries reported income of $291k and spending of $229k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $240k to $291k (+21%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 63% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hope for the Harvest Ministries sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Verbena Foundation Inc ($291k), Tree of Life Foundation and Ministries Inc ($291k) and Catalyst Holding Company ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $129k (57% of expenses). At year end it held assets of $103k against liabilities of $19k, net assets of $84k.