Destin Harvest Inc

Analysis

Destin Harvest Inc is a registered charity in United States, based in Ft Walton BCH, FL. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Destin Harvest Inc reported income of $3.0m and spending of $3.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.5m to $3.0m (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2021, when income dropped by 39%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Destin Harvest Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Friends of Children and Families Inc ($3.0m), Young Mens Christian Association ($3.0m) and Hildebrand Homecare Inc ($3.0m).

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 $95k (3.2% of expenses). Other salaries and wages came to $86k. At year end it held assets of $63k against liabilities of $5,221, net assets of $58k. It reported 9 employees.