New Harvest Inc

Analysis

New Harvest Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. 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, New Harvest Inc reported income of $1.7m and spending of $1.4m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.7m (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Harvest Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include United Way of Haywood County Inc ($1.7m), Hiram House ($1.7m) and Massillon Museum ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. Compensation of current officers, directors and key employees was $154k (11% of expenses). Other salaries and wages came to $146k. At year end it held assets of $7.1m against liabilities of $0, net assets of $7.1m. It reported 7 employees.