Forgotten Harvest Inc

Analysis

Forgotten Harvest Inc is a registered charity in United States, based in Oak Park, MI. It received its IRS tax-exemption ruling in October 1990, 36 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 June 2023, Forgotten Harvest Inc reported income of $88.8m and spending of $89.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $86.8m to $88.8m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forgotten Harvest Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Sheltering Arms Children and Family Services Inc ($88.7m), American Baptist Homes of the Midwest ($88.9m) and Humangood Pennsylvania ($88.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $1.2m (1.3% of expenses). Other salaries and wages came to $5.6m. It paid $977k in professional fundraising fees. At year end it held assets of $67.6m against liabilities of $1.4m, net assets of $66.2m. It reported 112 employees.