Harvesters Reaching the Nations Inc

Analysis

Harvesters Reaching the Nations Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Harvesters Reaching the Nations Inc reported income of $1.4m and spending of $1.7m, spending 119% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income grew from $178k to $1.4m (+716%), an average of +52% a year. The sharpest change came in the year to March 2020, when income rose by 590%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harvesters Reaching the Nations Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Enduring Word ($1.4m), Race Track Chaplaincy of America ($1.5m) and Maria Stein Shrine of the Holy Relics ($1.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 91% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $66k (3.8% of expenses). Other salaries and wages came to $768k. At year end it held assets of $1.4m against liabilities of $137k, net assets of $1.3m. It reported 10 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.