Second Harvest of South Georgia Inc

Analysis

Second Harvest of South Georgia Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in August 1996, 30 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 December 2022, Second Harvest of South Georgia Inc reported income of $34.9m and spending of $37.4m, spending 107% of what it took in. Across the 4 years on record, from December 2018 to December 2022, income grew from $34.5m to $34.9m (+1.1%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Harvest of South Georgia 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 99th percentile within GA. Charities of a similar size with the same main cause include YMCA of Metropolitan Fort Worth ($34.9m), West Texas Opportunities ($34.9m) and Lutheran Homes Society Inc ($34.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $434k (1.2% of expenses). Other salaries and wages came to $1.2m. It paid $327k in professional fundraising fees. At year end it held assets of $19.8m against liabilities of $8.6m, net assets of $11.2m. It reported 54 employees.