Second Mile Development Inc

Analysis

Second Mile Development Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in July 1987, 39 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 December 2023, Second Mile Development Inc reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.3m (-10.0%), an average of -3.5% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Mile Development Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Womens Foundation of Mississippi ($1.3m), Pregnancy Center Plus ($1.3m) and Forjando UN Nuevo Comienzo Corp ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 54% of the total. Other salaries and wages came to $684k. At year end it held assets of $1.5m against liabilities of $325k, net assets of $1.1m. It reported 46 employees.