Harvest 61 Ministries Inc

Analysis

Harvest 61 Ministries Inc is a registered charity in United States, based in Sheridan, WY. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2024, Harvest 61 Ministries Inc reported income of $553k and spending of $549k, spending 99% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $86k to $553k (+546%), an average of +546% a year. The sharpest change came in the year to June 2024, when income rose by 546%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Harvest 61 Ministries Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within WY. Charities of a similar size with the same main cause include Starlet Academy a NJ Nonprofit Corporation ($552k), Weavers Way Community Programs ($553k) and Verdun Adventure Bound Inc ($552k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $352k. At year end it held assets of $83k against liabilities of $6,468, net assets of $76k. It reported 9 employees.