Second Bloom of Chatham Inc

Analysis

Second Bloom of Chatham Inc is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 Bloom of Chatham Inc reported income of $479k and spending of $270k, leaving 44% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $142k to $479k (+236%), an average of +236% a year. The sharpest change came in the year to June 2023, when income rose by 236%. Over the whole period it spent 62% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Second Bloom of Chatham Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Inner City Innovators Inc ($479k), Angels Against Abuse Inc ($480k) and Equal Ground Education Fund Inc ($479k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $65k (24% of expenses). Other salaries and wages came to $73k. At year end it held assets of $370k against liabilities of $56k, net assets of $314k. It reported 8 employees.