2nd Story

Analysis

2nd Story is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, 2nd Story reported income of $466k and spending of $753k, spending 162% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $10.9m to $466k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 9.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2nd Story sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Lytton IV Housing Corporation ($466k), Ahepa 78 Phase VI Inc ($466k) and Eden Palms Inc ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 65% of the total. Other salaries and wages came to $12k. At year end it held assets of $15.9m against liabilities of $6.2m, net assets of $9.7m.