Harvest Ministries Inc

Analysis

Harvest Ministries Inc is a registered charity in United States, based in Seabrook, TX. It received its IRS tax-exemption ruling in November 2002, 24 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 2022, Harvest Ministries Inc reported income of $950k and spending of $914k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $366k to $950k (+159%), an average of +61% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvest Ministries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include White Bear Lake Area Historical Society ($949k), Lamp and Light Publishers Inc ($950k) and Urban Impact Ministries ($949k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $555k against liabilities of $0, net assets of $555k.