Charity Search / SECOND STEP FOUNDATION
Philanthropy & Grantmaking (T20) 990 on File

SECOND STEP FOUNDATION

EIN: 47-2198379 · MINNEAPOLIS, MN 55401-2560 · United States · FY 2025 Data
3 out of 5 41 / 100 Based on 2+ years of filings
Financial strength (30%) 60/100
Reliability (20%) 50/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2025
$705K
Total Revenue
$604K
Total Expenses
$2.3M
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 99.6%
Fundraising Efficiency N/A
Operating Reserve 44.79x
Liability-to-Asset 0.0%
Revenue Diversification 88.8%
Executive Compensation $0
Compared with Peers
FY 2025
Compared with 9,363 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
99.6% 90.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
44.8 mo 96.7 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
88.8% 90.4%
P10P90
Above median
Revenue growth
Year over year revenue growth
-8.5% 10.5%
P10P90
Expense growth
Year over year expense growth
99.8% 8.2%
P10P90
Surplus margin
Surplus as a share of revenue
14.4% 4.5%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $705K $604K $2.3M 99.6% —
2024 $771K $302K $2.2M 99.6% —
2023 $590K $292K $1.7M 99.7% —
2022 $775K $320K $1.4M 100.0% —
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Organization Details
EIN
47-2198379
State
MN
City
MINNEAPOLIS
ZIP
55401-2560
Classification
T20
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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