Act Two Second Hand Store Inc

Analysis

Act Two Second Hand Store Inc is a registered charity in United States, based in Vineyard HVN, MA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Act Two Second Hand Store Inc reported income of $220k and spending of $260k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $379k to $220k (-42%), an average of -42% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Act Two Second Hand Store Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Rotary Club of Del Mar Foundation Trust ($220k), Several Dancers Core Inc ($220k) and Volunteers of America Inc ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $161k. At year end it held assets of $108k against liabilities of $43k, net assets of $64k. It reported 8 employees.