Second Sense

Analysis

Second Sense is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1950, 76 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 2023, Second Sense reported income of $1.1m and spending of $1.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $902k to $1.1m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Second Sense sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Howard County Child Care Association ($1.1m), Educational Video Center Inc ($1.1m) and Trinity in Home Care Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $183k (18% of expenses). Other salaries and wages came to $334k. At year end it held assets of $981k against liabilities of $353k, net assets of $627k. It reported 8 employees.