Golden Harvest Food Bank Inc

Analysis

Golden Harvest Food Bank Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in August 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 September 2022, Golden Harvest Food Bank Inc reported income of $26.8m and spending of $29.2m, spending 109% of what it took in. Across the 4 years on record, from September 2019 to September 2022, income fell from $33.6m to $26.8m (-20%), an average of -7.3% a year. The sharpest change came in the year to September 2022, when income dropped by 37%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Harvest Food Bank Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Judge Baker Childrens Center ($26.7m), Peterborough Retirement Community at Upland Farm Inc ($26.8m) and Lakeside Youth Service ($26.7m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 95% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $112k (0.4% of expenses). Other salaries and wages came to $2.4m. It paid $156k in professional fundraising fees. At year end it held assets of $19.1m against liabilities of $984k, net assets of $18.2m. It reported 58 employees.