Harvesters Ministries Inc

Analysis

Harvesters Ministries Inc is a registered charity in United States, based in Fort Mill, SC. It received its IRS tax-exemption ruling in October 2016, 10 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 June 2023, Harvesters Ministries Inc reported income of $3.3m and spending of $3.5m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $3.3m (+121%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Harvesters Ministries Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($3.3m), Liberty Proclaimed Ministry ($3.3m) and Torchbearers International ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $398k (11% of expenses). At year end it held assets of $430k against liabilities of $9,490, net assets of $420k. It reported 5 employees.