Harvest of Hope Pantry

Analysis

Harvest of Hope Pantry is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Harvest of Hope Pantry reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.7m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harvest of Hope Pantry sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Transoptions Inc ($1.7m), Gleneayre Equestrian Program Inc ($1.7m) and Whetstone Boys Ranch ($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 $92k (5.6% of expenses). Other salaries and wages came to $254k. It paid $20k in professional fundraising fees. At year end it held assets of $3.4m against liabilities of $607k, net assets of $2.8m. It reported 9 employees.