Second Chance Opportunities

Analysis

Second Chance Opportunities is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2013, 13 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, Second Chance Opportunities reported income of $6.4m and spending of $6.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $6.4m (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Opportunities sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Seasons of Life ($6.4m), Childrens Center of Cicero-Berwyn Inc ($6.4m) and Ecumenical Hunger Program ($6.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $336k (5.3% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $2.8m against liabilities of $1.4m, net assets of $1.5m. It reported 102 employees.