Harvest Preparation International Ministries Inc

Analysis

Harvest Preparation International Ministries Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 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 December 2023, Harvest Preparation International Ministries Inc reported income of $144k and spending of $132k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $156k to $144k (-7.6%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvest Preparation International Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Summerplace Residences of Frederick Inc ($144k), At the Well Ministries Inc ($144k) and The Bonner Gospel Mission Inc ($144k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (46% of expenses). Other salaries and wages came to $1,700. At year end it held assets of $51k against liabilities of $100, net assets of $51k. It reported 1 employees.