Second Harvest of Silicon Valley

Analysis

Second Harvest of Silicon Valley is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in December 1979, 47 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 of Silicon Valley reported income of $286.2m and spending of $279.6m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $135.7m to $286.2m (+111%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Harvest of Silicon Valley 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 CA. Charities of a similar size with the same main cause include Action for Boston Community Development ($284.4m), Catholic Charities Diocese of Fort Worth ($289.0m) and Pride Industries ($279.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $751k (0.3% of expenses). Other salaries and wages came to $28.6m. It paid $973k in professional fundraising fees. At year end it held assets of $242.4m against liabilities of $21.7m, net assets of $220.7m. It reported 362 employees.