Second Harvest Food Bank of Central Florida Inc

Analysis

Second Harvest Food Bank of Central Florida Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in February 1982, 44 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 2024, Second Harvest Food Bank of Central Florida Inc reported income of $177.0m and spending of $170.4m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $180.9m to $177.0m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 96% 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 Central Florida Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Seneca Family of Agencies ($176.9m), Prohealth Care Inc ($177.9m) and Austin Transit Partnership Local Government Corporation ($175.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $1.1m (0.6% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $56.6m against liabilities of $4.6m, net assets of $52.0m. It reported 229 employees.