Is Harvest Time Encounters Legit?

Quick charity verification for Harvest Time Encounters (EIN: 203232035)

Verdict: Harvest Time Encounters shows mixed signals

65/100Mission Score
$460KRevenue
$165KAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Harvest Time Encounters exhibits a fluctuating financial picture over the past three years. While the organization reported significant revenue of $350,323 in 2021, this has sharply declined to $58,534 in 2023. Expenses have consistently outpaced revenue in the last two periods, with expenses of $133,981 against $58,534 revenue in 2023, and $107,239 against $61,705 revenue in 2022. This indicates a potential reliance on prior year reserves or other funding sources to cover operational costs. The organization's assets have also seen a decline from $310,148 in 2021 to $189,167 in 2023, though liabilities remain at $0, which is a positive indicator of financial stability in terms of debt. The consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing administrative overhead, at least in terms of executive pay. However, the significant and sustained deficit spending in 2022 and 2023 raises concerns about long-term financial sustainability if revenue trends do not reverse. Given the available data, it's challenging to fully assess spending efficiency without a detailed breakdown of program, administrative, and fundraising expenses. The lack of officer compensation is a strong point for transparency regarding executive pay. However, the overall financial health appears to be under stress due to declining revenue and increasing expenses, which could impact program delivery in the future.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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