Harvest Broadcasting Company Inc

Analysis

Harvest Broadcasting Company Inc is a registered charity in United States, based in Visalia, CA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Harvest Broadcasting Company Inc reported income of $313k and spending of $317k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $315k to $313k (-0.7%), an average of -0.1% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Harvest Broadcasting Company Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Mtvarts Inc ($313k), Hamilton Wings ($313k) and Transatlantic Leadership Network ($313k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $37k (12% of expenses). Other salaries and wages came to $68k. At year end it held assets of $113k against liabilities of $10k, net assets of $103k. 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.