A Chance in Life Inc

Analysis

A Chance in Life Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in August 1952, 74 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, A Chance in Life Inc reported income of $2.6m and spending of $3.1m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $2.6m (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Chance in Life Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Humboldt County Fair ($2.6m), Martha Lloyd School Inc ($2.6m) and Rustys Morningstar Ranch Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $309k (9.8% of expenses). Other salaries and wages came to $626k. At year end it held assets of $3.2m against liabilities of $70k, net assets of $3.1m. It reported 10 employees.