Second Family Inc

Analysis

Second Family Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2023, Second Family Inc reported income of $27.4m and spending of $23.8m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.2m to $27.4m (+170%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 66%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Family Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Family Place Inc ($27.3m), Quarryville Presbyterian Retirement Community ($27.4m) and Beacon Group Inc ($27.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $977k (4.1% of expenses). Other salaries and wages came to $11.3m. At year end it held assets of $14.0m against liabilities of $3.0m, net assets of $11.0m. It reported 249 employees.