Harvest Texarkana

Analysis

Harvest Texarkana is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Texarkana reported income of $8.5m and spending of $8.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $8.5m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2020, when income rose by 165%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harvest Texarkana sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Food for People Inc ($8.5m), Jewish Home and Care Center Foundation Inc ($8.5m) and Hamdard Health Alliance ($8.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $97k (1.2% of expenses). Other salaries and wages came to $341k. It paid $84k in professional fundraising fees. At year end it held assets of $7.9m against liabilities of $503k, net assets of $7.4m. It reported 11 employees.