Is Second Growth Inc Legit?

Spending Breakdown

How Second Growth Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Second Growth Inc

Is Second Growth Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Second Growth Inc (EIN: 20519093) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Second Growth Inc a good charity to donate to?

Second Growth Inc has a Mission Score of 70/100. Revenue: $456K. Assets: $70K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Second Growth Inc?

The Employer Identification Number (EIN) for Second Growth Inc is 20519093. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Second Growth Inc spend its money?

Second Growth Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Second Growth Inc's tax-exempt status?

You can verify Second Growth Inc's tax-exempt status using EIN 20519093 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Second Growth Inc. demonstrates a mixed financial picture. While the organization has shown consistent revenue growth over the past decade, increasing from $190,558 in 2015 to $376,309 in 2023, it has also experienced periods of deficit spending. For instance, in 2023, expenses of $434,164 exceeded revenue of $376,309, leading to a decrease in assets. This pattern of expenses occasionally outstripping revenue is visible in multiple years (e.g., 2023, 2019, 2018, 2017, 2015).

The organization's asset base has fluctuated significantly, from a high of $93,710 in 2022 to a low of $34,398 in 2019, and currently stands at $35,855 as of 2023. This volatility, coupled with recurring deficits, suggests a need for more robust financial planning and reserves. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for transparency and efficiency. However, the overall financial stability could be improved by consistently managing expenses within revenue limits.

Given the available data, Second Growth Inc. appears to be transparent in its financial reporting, particularly regarding executive compensation. The challenge lies in achieving consistent financial sustainability to support its programs effectively. The organization's ability to grow revenue over time is a strength, but managing expenses to avoid deficits will be crucial for long-term health and impact.

Verdict: Second Growth Inc appears trustworthy

Red Flags

Strengths