Second Step Inc

Analysis

Second Step Inc is a registered charity in United States, based in Newtonville, MA. It received its IRS tax-exemption ruling in February 1988, 38 years ago. 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 2024, Second Step Inc reported income of $4.5m and spending of $2.2m, leaving 51% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $4.5m (+137%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 82%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Second Step Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include LA Peninsula Community Organization Inc ($4.5m), Trousdale Foundation Inc ($4.5m) and Catholic Charities of the Archdioce Se of Dubuque Iowa ($4.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $147k (6.7% of expenses). Other salaries and wages came to $1.1m. It paid $20k in professional fundraising fees. At year end it held assets of $6.8m against liabilities of $1.8m, net assets of $5.1m. It reported 35 employees.