Shared Harvest Foodbank Inc

Analysis

Shared Harvest Foodbank Inc is a registered charity in United States, based in Fairfield, OH. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2024, Shared Harvest Foodbank Inc reported income of $10.4m and spending of $9.9m, spending 95% of its income. Across the 6 years on record, from December 2019 to June 2024, income fell from $11.0m to $10.4m (-5.4%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shared Harvest Foodbank Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Fellowship Foundation Inc ($10.4m), Sandy Valley Transportation Services Inc ($10.4m) and Ross County Community Action Commission Inc ($10.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $53k (0.5% of expenses). Other salaries and wages came to $369k. At year end it held assets of $9.9m against liabilities of $265k, net assets of $9.6m. It reported 31 employees.