Second Wind Cottages Inc

Analysis

Second Wind Cottages Inc is a registered charity in United States, based in Newfield, NY. It received its IRS tax-exemption ruling in February 2015, 11 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 June 2023, Second Wind Cottages Inc reported income of $320k and spending of $254k, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $214k to $320k (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 52% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Second Wind Cottages Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Mercy Mission House ($320k), One to Four Rehabilitation Corporation ($320k) and Mid-Peninsula Page Mill Court Inc ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $27k (11% of expenses). Other salaries and wages came to $93k. At year end it held assets of $1.4m against liabilities of $33k, net assets of $1.3m. It reported 2 employees.