Second Harvest Food Bank of Greater New Orleans and Acadiana

Analysis

Second Harvest Food Bank of Greater New Orleans and Acadiana is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 1984, 42 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 Greater New Orleans and Acadiana reported income of $85.3m and spending of $92.4m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $71.3m to $85.3m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 88% 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 Greater New Orleans and Acadiana 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 99th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Jewish Family & Childrens Services ($85.2m), Detroit Area Agency on Aging ($85.4m) and Gateway Region Young Mens Christian Association ($85.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $505k (0.5% of expenses). Other salaries and wages came to $5.8m. It paid $1.8m in professional fundraising fees. At year end it held assets of $87.0m against liabilities of $3.8m, net assets of $83.2m. It reported 143 employees.