Harvest Hope Food Bank

Analysis

Harvest Hope Food Bank is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 1982, 44 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 2021, Harvest Hope Food Bank reported income of $52.9m and spending of $47.3m, spending 89% of its income. Across the 3 years on record, from June 2019 to June 2021, income fell from $56.7m to $52.9m (-6.7%), an average of -3.4% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harvest Hope Food Bank sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within SC. Charities of a similar size with the same main cause include Catholic Charities and Community Services of the Archdiocese of Den ($52.9m), Board of Child Care of the United Methodist Church Incorporated ($53.0m) and The Arc Baltimore Inc ($52.8m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $224k (0.5% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $18.5m against liabilities of $2.0m, net assets of $16.4m. It reported 75 employees.