Second Home Learning Center
Analysis
Second Home Learning Center is a registered charity in United States, based in Harrisonburg, VA. It received its IRS tax-exemption ruling in June 2021, 5 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 June 2024, Second Home Learning Center reported income of $293k and spending of $351k, spending 120% of what it took in. Across the 3 years on record, from December 2022 to June 2024, income fell from $296k to $293k (-1.1%), an average of -0.5% a year. The sharpest change came in the year to June 2024, when income rose by 188%. Over the whole period it spent 114% of the income it received.
Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Home Learning Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Georgetown Village Inc ($293k), Learn More Center Inc ($293k) and Calahan Foundation NFP ($293k).
On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $52k (15% of expenses). Other salaries and wages came to $195k. At year end it held assets of $77k against liabilities of $1,373, net assets of $75k. It reported 20 employees.
Income and spending
Where the income comes from
- Contributions & grants 80%
- Program services 19%
- Other 0.8%
Similar-sized charities, same cause
| Charity | Location | Income |
|---|---|---|
| Georgetown Village Inc | Washington | $293k |
| Learn More Center Inc | N Manchester | $293k |
| Calahan Foundation NFP | Chicago | $293k |
| Muirs Little Scholars Inc | Philadelphia | $293k |