Second Harvest Foodbank of Southern Wisconsin

Analysis

Second Harvest Foodbank of Southern Wisconsin is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in November 1984, 42 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 Southern Wisconsin reported income of $49.0m and spending of $50.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.4m to $49.0m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 95% 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 Southern Wisconsin sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within WI. Charities of a similar size with the same main cause include Oorah Inc ($48.9m), Vista Del Mar Child and Family Services ($49.0m) and Otterbein Lebanon ($48.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $487k (1.0% of expenses). Other salaries and wages came to $4.2m. It paid $349k in professional fundraising fees. At year end it held assets of $26.6m against liabilities of $2.1m, net assets of $24.5m. It reported 85 employees.