Harvest Ministry Team Inc

Analysis

Harvest Ministry Team Inc is a registered charity in United States, based in Troy, IL. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministry Team Inc reported income of $181k and spending of $163k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $127k to $181k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harvest Ministry Team 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 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Jhjc-East ($181k), Sri Shankara Vedik Center ($181k) and Elmhurst Muslim Center Inc ($181k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 22% of the total. At year end it held assets of $56k against liabilities of $2,390, net assets of $54k.