World Harvest Ministries Inc

Analysis

World Harvest Ministries Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in December 2016, 10 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, World Harvest Ministries Inc reported income of $429k and spending of $366k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $429k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, World Harvest Ministries Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within IN. Charities of a similar size with the same main cause include Lit Movement ($429k), Chinese Economic Development Council Inc ($430k) and Project Independence Services Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $41k (11% of expenses). Other salaries and wages came to $36k. At year end it held assets of $205k against liabilities of $0, net assets of $205k. It reported 8 employees.