Second Stride Inc

Analysis

Second Stride Inc is a registered charity in United States, based in Prospect, KY. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Second Stride Inc reported income of $703k and spending of $784k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $319k to $703k (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Second Stride Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within KY. Charities of a similar size with the same main cause include West Palm Beach Library Foundation Inc ($702k), Responsibility ($704k) and Saving Tiny Hearts Society ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $29k (3.7% of expenses). Other salaries and wages came to $108k. At year end it held assets of $365k against liabilities of $193, net assets of $364k. It reported 5 employees.