Future Harvest Inc

Analysis

Future Harvest Inc is a registered charity in United States, based in Cockeysville, MD. It received its IRS tax-exemption ruling in July 1999, 27 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 December 2023, Future Harvest Inc reported income of $965k and spending of $1.3m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $965k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Future Harvest Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Mower County Seniors Inc ($965k), Ritchie County Integrated Family Services Inc ($965k) and Oregon Ffa Foundation ($965k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $102k (7.7% of expenses). Other salaries and wages came to $371k. At year end it held assets of $938k against liabilities of $213k, net assets of $725k. It reported 8 employees.

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.