2nd Home Inc

Analysis

2nd Home Inc is a registered charity in United States, based in Clovis, CA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 2nd Home Inc reported income of $2.9m and spending of $2.7m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.9m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 2nd Home Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Generations with Pride ($2.9m), Community Guidance Clinic for Central Connecticut Inc ($2.9m) and Hopeful Beginnings ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $210k (7.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $719k against liabilities of $9,982, net assets of $709k. It reported 60 employees.