Harvest Ministries Inc

Analysis

Harvest Ministries Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries Inc reported income of $192k and spending of $393k, spending 204% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $192k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 273%. Over the whole period it spent 171% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harvest Ministries Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within OK. Charities of a similar size with the same main cause include Daly City Islamic Center ($192k), Missionary Sisters of the Holy Martyrs ($192k) and Cala Figuera Foundation ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

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.