Harvestly Inc

Analysis

Harvestly Inc is a registered charity in United States, based in SN Luis Obisp, CA. It received its IRS tax-exemption ruling in July 2017, 9 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, Harvestly Inc reported income of $265k and spending of $266k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $197k to $265k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harvestly Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Red Wing Area Food Shelf ($265k), Bancroft Daycare ($265k) and Northern Lights Foundation ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.5% of the total. Other salaries and wages came to $133k. At year end it held assets of $165k against liabilities of $2,811, net assets of $162k. It reported 7 employees.