Second Stride Inc

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Second Stride Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Second Stride Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Second Stride Inc in one place.

Is Second Stride Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Second Stride Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Second Stride Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Second Stride Inc

Second Stride Inc (EIN: 202947614) is a nonprofit organization based in Prospect, KY, classified under NTEE code T20. The organization reported total revenue of $774K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Stride Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Second Stride Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Second Stride Inc reported a deficit of $81K with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 0.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Second Stride Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.7%.

IRS Tax-Exempt Classification

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 Stride Inc with a Mission Score of 92 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Second Stride Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $81K, with expenses exceeding revenue.
• Debt-to-asset ratio: 0.1%.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly favorable for resource allocation relative to its growing size.

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 Stride Inc's IRS 990 filings:

• Operating deficit in 2023 ($702,757 revenue vs. $783,815 expenses) indicates spending exceeded income for the year.

Strengths

The following positive indicators were identified for Second Stride Inc:

• Consistent revenue growth over the past decade, from $181,610 in 2014 to $702,757 in 2023.
• Zero reported officer compensation across all 13 filings, indicating efficient use of funds.
• Growing asset base, from $153,005 in 2014 to $364,513 in 2023, providing financial stability.
• Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.

Frequently Asked Questions about Second Stride Inc

Filing History

IRS 990 filing history for Second Stride Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Second Stride Inc's revenue has grown by 764.5%, moving from $81K to $703K. Total assets increased by 458.6% over the same period, from $65K to $365K. Total functional expenses rose by 1221.9%, from $59K to $784K. In its most recent filing year (2023), Second Stride Inc reported a deficit of $81K, with expenses exceeding revenue. The organization holds $193 in liabilities against $365K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $364K.

Year-by-Year Financial Summary

• 2023: Revenue of $703K, expenses of $784K, and assets of $365K (revenue +13.9% year-over-year).
• 2022: Revenue of $617K, expenses of $500K, and assets of $450K (revenue +23.1% year-over-year).
• 2021: Revenue of $501K, expenses of $406K, and assets of $341K (revenue +54.6% year-over-year).
• 2020: Revenue of $324K, expenses of $319K, and assets of $247K (revenue +1.6% year-over-year).
• 2019: Revenue of $319K, expenses of $303K, and assets of $243K (revenue -6.4% year-over-year).
• 2018: Revenue of $341K, expenses of $299K, and assets of $225K (revenue +43.5% year-over-year).
• 2017: Revenue of $237K, expenses of $255K, and assets of $182K (revenue -1.3% year-over-year).
• 2016: Revenue of $240K, expenses of $220K, and assets of $200K (revenue +36.1% year-over-year).
• 2015: Revenue of $177K, expenses of $152K, and assets of $178K (revenue -2.7% year-over-year).
• 2014: Revenue of $182K, expenses of $144K, and assets of $153K (revenue +41.4% year-over-year).
• 2013: Revenue of $128K, expenses of $106K, and assets of $115K (revenue +5.9% year-over-year).
• 2012: Revenue of $121K, expenses of $94K, and assets of $93K (revenue +49.1% year-over-year).
• 2011: Revenue of $81K, expenses of $59K, and assets of $65K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Second Stride Inc:

Data Sources and Methodology

This transparency report for Second Stride Inc 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.