A Second Wish by Demetrius Inc

Analysis

A Second Wish by Demetrius Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2010, 16 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 December 2023, A Second Wish by Demetrius Inc reported income of $146k and spending of $171k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $233k to $146k (-37%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Second Wish by Demetrius Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Katara Hull Ministries ($146k), Plymouth Homes Inc ($146k) and Marshall Food Disbursement Center ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $26k (15% of expenses). Other salaries and wages came to $30k. At year end it held assets of $1,410 against liabilities of $62k, net assets of -$61k.