Harvest Community Development Corporation

Analysis

Harvest Community Development Corporation is a registered charity in United States, based in HST Newcastle, DE. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Development Corporation reported income of $2.5m and spending of $2.9m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.5m (+111%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 164%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harvest Community Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within DE. Charities of a similar size with the same main cause include Calaveras Healthy Impact Product Solutions ($2.5m), Forest Grove Foundation Inc ($2.5m) and E Warren Development Corporation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $212k (7.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $4.0m against liabilities of $3.2m, net assets of $840k. It reported 79 employees.