Second Mile Corporation

Analysis

Second Mile Corporation is a registered charity in United States, based in Hendersonvlle, TN. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Corporation reported income of $451k and spending of $420k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $451k (-3.0%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Second Mile Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Life Care Outreach Ministry Inc ($451k), James F Myers Ministries Inc ($451k) and Spirit Filled Hearts Ministry Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $177k. At year end it held assets of $45k against liabilities of $45k, net assets of -$143. It reported 2 employees.