Operation Second Chance Inc

Analysis

Operation Second Chance Inc is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover public and societal benefit, 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, Operation Second Chance Inc reported income of $2.2m and spending of $1.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.2m (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Second Chance 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 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Council on Substance Abuse-Ncadd ($2.2m), Kingsley Association ($2.2m) and Putnam Northern Westchester Womens Resource Center Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $113k (7.4% of expenses). Other salaries and wages came to $157k. At year end it held assets of $7.8m against liabilities of $360k, net assets of $7.4m. It reported 5 employees.