Second Century Foundation

Analysis

Second Century Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Second Century Foundation reported income of $192k and spending of $197k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $6.0m to $192k (-97%), an average of -82% a year. The sharpest change came in the year to December 2023, when income rose by 749%. Over the whole period it spent 9.1% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Second Century Foundation 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 53rd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Morgan Oliver School for Anti-Racism Inc ($192k), Justin-Siena High School Foundation Inc ($192k) and Dreamshadow Group ($192k).

At year end it held assets of $5.7m against liabilities of $27k, net assets of $5.7m.