Second Step Housing

Analysis

Second Step Housing is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Step Housing reported income of $1.7m and spending of $1.7m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $568k to $1.7m (+203%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 173%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Second Step Housing sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Rochester Civic Housing Inc ($1.7m), Metropolitan Village Inc ($1.7m) and Louison House Inc ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.6% and program service revenue 83% of the total. Other salaries and wages came to $225k. At year end it held assets of $12.9m against liabilities of $10.7m, net assets of $2.2m. It reported 3 employees.