Second Start

Analysis

Second Start is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in July 1972, 54 years ago. Its declared purposes cover human services, 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 Start reported income of $3.7m and spending of $3.8m, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $3.7m (+22%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Start sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NH. Charities of a similar size with the same main cause include Affordable Housing Corporation of Lake County ($3.7m), Preble County Council on Aging Inc ($3.7m) and Big Green ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $140k (3.7% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $3.1m against liabilities of $354k, net assets of $2.7m. It reported 98 employees.