Another Chance of Ohio

Analysis

Another Chance of Ohio is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Another Chance of Ohio reported income of $99k and spending of $104k, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $425k to $99k (-77%), an average of -39% a year. The sharpest change came in the year to December 2022, when income dropped by 74%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Another Chance of Ohio sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within OH. Charities of a similar size with the same main cause include Soulside Healing Arts ($99k), Next Gen Services Inc ($99k) and Our Sisters Closet Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $11k, net assets of -$258.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.