A Better Chance Inc

Analysis

A Better Chance Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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 Better Chance Inc reported income of $3.9m and spending of $5.5m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $3.9m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Better Chance Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Volunteers for Youth Justice ($3.9m), Assisi Homes-Colony Park Inc ($3.9m) and West Valley Soccer League ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $811k (15% of expenses). Other salaries and wages came to $2.0m. It paid $128k in professional fundraising fees. At year end it held assets of $16.7m against liabilities of $5.7m, net assets of $11.0m. It reported 35 employees.