Second Harvest Food Bank of East Tennessee

Analysis

Second Harvest Food Bank of East Tennessee is a registered charity in United States, based in Maryville, TN. It received its IRS tax-exemption ruling in November 1981, 45 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 2023, Second Harvest Food Bank of East Tennessee reported income of $40.9m and spending of $41.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.9m to $40.9m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Second Harvest Food Bank of East Tennessee 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 98th percentile, and in the 99th percentile within TN. Charities of a similar size with the same main cause include Talladega College ($40.9m), International Association of Chiefs of Police Incorporated ($41.0m) and Merakey Idd Philadelphia ($40.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $179k (0.4% of expenses). Other salaries and wages came to $2.8m. It paid $241k in professional fundraising fees. At year end it held assets of $30.2m against liabilities of $817k, net assets of $29.4m. It reported 63 employees.