Second Harvest Food Bank Santa Cruz County

Analysis

Second Harvest Food Bank Santa Cruz County is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in March 1993, 33 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 Santa Cruz County reported income of $27.7m and spending of $31.4m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.0m to $27.7m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 59%. Over the whole period it spent 94% 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 Santa Cruz County 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 CA. Charities of a similar size with the same main cause include YMCA of Greater Cleveland ($27.7m), Lift Community Action Agency Inc ($27.7m) and Dakota Boys and Girls Ranch ($27.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $439k (1.4% of expenses). Other salaries and wages came to $3.6m. It paid $57k in professional fundraising fees. At year end it held assets of $19.1m against liabilities of $1.6m, net assets of $17.6m. It reported 68 employees.