Widows Harvest Ministries Inc

Analysis

Widows Harvest Ministries Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Widows Harvest Ministries Inc reported income of $257k and spending of $286k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $442k to $257k (-42%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Widows Harvest Ministries Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within TN. Charities of a similar size with the same main cause include Bellflower Oak Street Manor ($257k), Wholistic Housing Ventures Inc ($257k) and Allegheny Council to Improve Our Neighborhoods Housing Incorporated ($257k).

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 $75k (26% of expenses). Other salaries and wages came to $98k. At year end it held assets of $182k against liabilities of $0, net assets of $182k. It reported 5 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.