Chance for Life Organization

Analysis

Chance for Life Organization is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chance for Life Organization reported income of $846k and spending of $944k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $457k to $846k (+85%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chance for Life Organization sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Develop America Inc ($846k), Gig Harbor Peninsula Historical Society ($846k) and Windham County 4 H Foundation Incorporated ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $167k. At year end it held assets of $0 against liabilities of $65k, net assets of -$65k. It reported 2 employees.