Harvest Hands Community Development Corporation

Analysis

Harvest Hands Community Development Corporation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Hands Community Development Corporation reported income of $2.4m and spending of $2.8m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.4m (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harvest Hands Community Development Corporation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Backstretch Employee Service Team of New York Inc ($2.4m), Wayne County Community Services Organization Inc ($2.4m) and Operating Engineers Affirmative Action Training Fund ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $90k (3.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.1m against liabilities of $848k, net assets of $3.2m. It reported 91 employees.