2nd Act Org Inc

Analysis

2nd Act Org Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 2nd Act Org Inc reported income of $413k and spending of $474k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $343k to $413k (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 59%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 2nd Act Org Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($413k), Cave Hill Heritage Foundation Incorporated ($413k) and Larry McFadden Ministries Inc ($413k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $148k (31% of expenses). Other salaries and wages came to $85k. At year end it held assets of $291k against liabilities of $225k, net assets of $66k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.