Harvest Seed Project Foundation

Analysis

Harvest Seed Project Foundation is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in March 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Harvest Seed Project Foundation reported income of $426k and spending of $368k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $411k to $426k (+3.6%), an average of +1.2% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harvest Seed Project Foundation 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 72nd percentile within TX. Charities of a similar size with the same main cause include New Haven Homeownership Center Inc ($425k), Community Education Partnerships ($426k) and Williams County Agricultural Society ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $168k (46% of expenses). At year end it held assets of $412k against liabilities of $28k, net assets of $384k.