Second Harvest Food Bank of Northeast Tennessee Inc

Analysis

Second Harvest Food Bank of Northeast Tennessee Inc is a registered charity in United States, based in Kingsport, TN. It received its IRS tax-exemption ruling in May 1987, 39 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 2023, Second Harvest Food Bank of Northeast Tennessee Inc reported income of $27.6m and spending of $25.1m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $23.5m to $27.6m (+18%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Harvest Food Bank of Northeast Tennessee 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 TN. Charities of a similar size with the same main cause include Canvas Health Inc ($27.6m), Community Action Agency of Columbiana County Inc ($27.6m) and Riverside Senior Living Center ($27.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $125k (0.5% of expenses). Other salaries and wages came to $1.2m. It paid $148k in professional fundraising fees. At year end it held assets of $15.9m against liabilities of $404k, net assets of $15.5m. It reported 32 employees.