Harvest Homes Corporation

Analysis

Harvest Homes Corporation is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Harvest Homes Corporation reported income of $97k and spending of $123k, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $96k to $97k (+0.6%), an average of +0.2% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harvest Homes Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 27th percentile within ND. Charities of a similar size with the same main cause include Front Royal Warren County Shelterfor the Homeless ($96k), McTaggert Court Inc ($97k) and Archuleta Housing for the Elderly ($96k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $30k. At year end it held assets of $449k against liabilities of $795k, net assets of -$345k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.