Second Mile Inc

Analysis

Second Mile Inc is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in August 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 December 2023, Second Mile Inc reported income of $299k and spending of $303k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $288k to $299k (+4.1%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Second Mile Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within IA. Charities of a similar size with the same main cause include Shadow Mountain Matador Parent Teacher Club ($299k), Theatre Tuscaloosa Inc ($299k) and Housing Opportunities of Fort Worth Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $83k. At year end it held assets of $544k against liabilities of $2,798, net assets of $541k. It reported 6 employees.