Second Chance Network Inc

Analysis

Second Chance Network Inc is a registered charity in United States, based in Lakeway, TX. It received its IRS tax-exemption ruling in April 2006, 20 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, Second Chance Network Inc reported income of $192k and spending of $173k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $192k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Network Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Elder Care Community Council of Franklin County FL Inc ($192k), Sparkle Foundation Inc ($192k) and Child Restoration Outreach Support Organization ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $99k against liabilities of $0, net assets of $99k.