Second Start
Second Start maintains stable finances with consistent revenue growth and no reported officer compensation.
EIN: 20302477 · Concord, NH · NTEE: P200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $3.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $2.7M |
| Transparency Score | 80/100 |
Is Second Start Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Second Start directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Second Start
Second Start (EIN: 20302477) is a nonprofit organization based in Concord, NH, classified under NTEE code P200. The organization reported total revenue of $4.8M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Start's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Start is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-58,460 |
| Total Assets | $3.1M |
| Total Liabilities | $354K |
| Net Assets | $2.7M |
| Operating Margin | -1.6% |
| Debt-to-Asset Ratio | 11.6% |
| Months of Reserves | 9.6 months |
Financial Health Grade: B
In 2023, Second Start reported a deficit of $58K with expenses exceeding revenue, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 11.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Second Start's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.5% | +4.1% | -6.1% |
| 2022 | +1.5% | +4.7% | +9.6% |
| 2021 | +27.6% | +16.4% | +16.0% |
| 2020 | -1.3% | -4.5% | +14.9% |
| 2019 | +5.1% | +3.4% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Second Start with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Second Start allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.6%.
Executive Compensation Analysis
Second Start consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues approaching $4 million. This could indicate a volunteer-led executive team or that executive compensation is categorized differently within their expense reporting, warranting further scrutiny for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Second Start's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this size, potentially indicating a lack of transparency in executive pay reporting.
Strengths
The following positive indicators were identified for Second Start:
- Consistent revenue growth over the past decade, from $2.6 million in 201406 to $3.7 million in 202306.
- Healthy asset base relative to liabilities, with $3,058,971 in assets against $354,384 in liabilities in 202306, indicating strong financial solvency.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and operational longevity.
Frequently Asked Questions about Second Start
Is Second Start a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Start (EIN: 20302477) some concerns. Mission Score: 80/100. 1 red flag identified, 3 strengths noted.
How does Second Start spend its money?
Second Start directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Second Start tax-deductible?
Second Start is registered as a tax-exempt nonprofit (EIN: 20302477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Second Start CEO make?
Second Start's highest-compensated officer earns $4 annually. The organization reported $4.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Second Start's spending goes to programs?
Second Start directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Second Start compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Second Start is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Second Start located?
Second Start is headquartered in Concord, New Hampshire and files with the IRS under EIN 20302477. It is classified under NTEE code P200.
How many years of IRS 990 filings does Second Start have?
Second Start has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.8M in total revenue.
How does Second Start manage to report 0% officer compensation given its size and operational scope?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues of $3.7 million (202306). This could imply a volunteer executive structure or that executive salaries are categorized under other expense lines, which would impact transparency.
What is the detailed breakdown of Second Start's expenses beyond total expenses?
The provided data only shows total expenses. A detailed breakdown into program services, administrative, and fundraising costs is crucial for a comprehensive assessment of spending efficiency and mission focus.
Has Second Start experienced any significant changes in its program offerings or operational model?
While revenue and asset growth are consistent, understanding if this growth corresponds to an expansion of programs or changes in operational strategy would provide deeper insight into the organization's impact.
Filing History
IRS 990 filing history for Second Start showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Second Start's revenue has declined by 8.4%, moving from $4.1M to $3.7M. Total assets increased by 57.6% over the same period, from $1.9M to $3.1M. Total functional expenses rose by 2.8%, from $3.7M to $3.8M. In its most recent filing year (2023), Second Start reported a deficit of $58K, with expenses exceeding revenue. The organization holds $354K in liabilities against $3.1M in assets (debt-to-asset ratio: 11.6%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $3.8M | $3.1M | $354K | — | — |
| 2022 | $4.0M | $3.7M | $3.3M | $513K | — | View 990 |
| 2021 | $3.9M | $3.5M | $3.0M | $553K | — | View 990 |
| 2020 | $3.1M | $3.0M | $2.6M | $554K | — | View 990 |
| 2019 | $3.1M | $3.1M | $2.2M | $281K | — | View 990 |
| 2018 | $3.0M | $3.0M | $2.2M | $204K | — | — |
| 2017 | $3.1M | $2.8M | $2.3M | $264K | — | View 990 |
| 2016 | $3.0M | $2.8M | $2.1M | $286K | — | View 990 |
| 2015 | $2.8M | $2.7M | $1.8M | $220K | — | View 990 |
| 2014 | $2.6M | $2.6M | $1.7M | $208K | — | View 990 |
| 2013 | $2.6M | $2.6M | $1.7M | $196K | — | View 990 |
| 2012 | $2.4M | $2.4M | $1.7M | $232K | — | View 990 |
| 2011 | $4.1M | $3.7M | $1.9M | $511K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $3.8M, and assets of $3.1M (revenue -5.5% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.7M, and assets of $3.3M (revenue +1.5% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.5M, and assets of $3.0M (revenue +27.6% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.0M, and assets of $2.6M (revenue -1.3% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.1M, and assets of $2.2M (revenue +5.1% year-over-year).
- 2018: Revenue of $3.0M, expenses of $3.0M, and assets of $2.2M (revenue -4.8% year-over-year).
- 2017: Revenue of $3.1M, expenses of $2.8M, and assets of $2.3M (revenue +2.2% year-over-year).
- 2016: Revenue of $3.0M, expenses of $2.8M, and assets of $2.1M (revenue +8.8% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.7M, and assets of $1.8M (revenue +5.9% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.6M, and assets of $1.7M (revenue +2.7% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.6M, and assets of $1.7M (revenue +5.5% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $1.7M (revenue -40.6% year-over-year).
- 2011: Revenue of $4.1M, expenses of $3.7M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Start:
Data Sources and Methodology
This transparency report for Second Start is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.