Harvest Evangelism Inc

Analysis

Harvest Evangelism Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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 Evangelism Inc reported income of $2.2m and spending of $2.6m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $2.2m (-23%), an average of -6.4% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Harvest Evangelism Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Transylvania Christian Ministry Inc ($2.2m), New Hampshire College & University Council ($2.2m) and Grantmakers in the Arts ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $801k (31% of expenses). Other salaries and wages came to $599k. At year end it held assets of $2.1m against liabilities of $117k, net assets of $2.0m. It reported 21 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.