Harvest Ministries of Roswell

Analysis

Harvest Ministries of Roswell is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in April 2007, 19 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, Harvest Ministries of Roswell reported income of $1.7m and spending of $1.7m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $1.7m (+38%), an average of +6.6% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harvest Ministries of Roswell sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NM. Charities of a similar size with the same main cause include Sri Venkateswara Temple and Cultural Center Inc ($1.7m), Revelations of Freedom Ministries ($1.7m) and Freeway Ministries Inc ($1.7m).

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 $55k (3.3% of expenses). Other salaries and wages came to $102k. At year end it held assets of $1.2m against liabilities of $2,678, net assets of $1.2m. It reported 8 employees.