2nd Blessings Company

Analysis

2nd Blessings Company is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in June 2022, 4 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 Blessings Company reported income of $300k and spending of $247k, spending 82% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $205k to $300k (+46%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 2nd Blessings Company 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 62nd percentile, and in the 62nd percentile within KS. Charities of a similar size with the same main cause include Nates Place a Wellness and Recovery Center ($300k), Bridging the Gap Together Incorporated ($300k) and Isaiah 61 Cafe ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% and program service revenue 96% of the total. Other salaries and wages came to $82k. At year end it held assets of $224k against liabilities of $53k, net assets of $171k. It reported 3 employees.