Harvest Homecoming Festival Associates Inc

Analysis

Harvest Homecoming Festival Associates Inc is a registered charity in United States, based in New Albany, IN. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harvest Homecoming Festival Associates Inc reported income of $286k and spending of $247k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $377k to $286k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income rose by 761%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Harvest Homecoming Festival Associates Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within IN. Charities of a similar size with the same main cause include In Sports Foundation ($286k), Maplewood Figure Skating Club ($286k) and All Nations Soccer Inc ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $234k against liabilities of $0, net assets of $234k.