Second Harvest Foodbank of North Central Ohio

Analysis

Second Harvest Foodbank of North Central Ohio is a registered charity in United States, based in Lorain, OH. It received its IRS tax-exemption ruling in October 1986, 40 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2023, Second Harvest Foodbank of North Central Ohio reported income of $19.2m and spending of $18.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.0m to $19.2m (+60%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Harvest Foodbank of North Central Ohio sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Springfield Rescue Mission Inc ($19.2m), Japanese Community Youth Council ($19.2m) and Giving Hope Inc ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $138k (0.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $16.0m against liabilities of $219k, net assets of $15.8m. It reported 35 employees.