Harvest America Corporation Franklin Center

Analysis

Harvest America Corporation Franklin Center is a registered charity in United States, based in Shawnee MSN, KS. It received its IRS tax-exemption ruling in October 1981, 45 years ago. 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 September 2023, Harvest America Corporation Franklin Center reported income of $1.6m and spending of $1.8m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.6m (+49%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 57%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvest America Corporation Franklin Center sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KS. Charities of a similar size with the same main cause include A Wish with Wings Inc ($1.6m), Bay Area Womens Center ($1.6m) and North Shore Heritage Associates Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $115k (6.3% of expenses). Other salaries and wages came to $602k. At year end it held assets of $396k against liabilities of $402k, net assets of -$5,361. It reported 22 employees.