Charity Search / SPLIT SECOND FOUNDATION INC
Medical Research (H01) IRS Verified DX Registered 990 on File

SPLIT SECOND FOUNDATION INC

EIN: 82-5240639 · NEW ORLEANS, LA 70122-4334 · United States · FY 2024 Data
3 out of 5 51 / 100 Based on 2+ years of filings
Financial strength (30%) 72/100
Reliability (20%) 45/100
Effectiveness (25%) 80/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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SPLIT SECOND FOUNDATION INC logo
CharityAI™ Score
Not yet evaluated
Mission Statement

Our mission is to deliver comprehensive care, resources, education and advocacy to those affected by disabilities, promoting independent living and enhancing their quality of life.

Financial Overview — FY 2024
$1.9M
Total Revenue
$1.0M
Total Expenses
$951K
Net Assets
10
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 65.9%
Fundraising Efficiency 47.2%
Operating Reserve 11.21x
Liability-to-Asset 22.5%
Revenue Diversification 82.0%
Executive Compensation $106K
Compared with Peers
FY 2024
Compared with 332 similar organizations (United States, Medical Research, $1M–$10M in expenses), FY 2024.
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
65.9% 83.0%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
21.0% 10.7%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
13.1% 2.0%
P10P90
Bottom quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
47.2% 97.3%
P10P90
Above median
Operating reserve
Months of expenses covered by net assets · higher is better
11.2 mo 12.8 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
22.5% 10.1%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
82.0% 90.7%
P10P90
Above median
Revenue growth
Year over year revenue growth
151.0% 12.5%
P10P90
Expense growth
Year over year expense growth
37.8% 11.1%
P10P90
Surplus margin
Surplus as a share of revenue
47.1% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $1.9M $1.0M $951K 65.9% 10
2023 $766K $739K $24K 70.6% 9
2022 $568K $566K $-3,887 62.1% 11
2021 $549K $353K N/A 7
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Organization Details
EIN
82-5240639
State
LA
City
NEW ORLEANS
ZIP
70122-4334
Classification
H01
Category
Medical Research
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
2018
Foundation Code
15
Form 990
On File
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