Second Step Inc

Analysis

Second Step Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in July 1991, 35 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 Step Inc reported income of $139k and spending of $162k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $131k to $139k (+6.5%), an average of +1.6% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Second Step Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within MD. Charities of a similar size with the same main cause include Villa Licci ($139k), Breaking the Cycle ($139k) and Hagerstown Neighborhood Development Partnership Inc ($139k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $990k against liabilities of $1.4m, net assets of -$458k.