Second Chance Shop

Analysis

Second Chance Shop is a registered charity in United States, based in Summerville, SC. It received its IRS tax-exemption ruling in October 2008, 18 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 Shop reported income of $415k and spending of $333k, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $265k to $415k (+56%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Shop sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within SC. Charities of a similar size with the same main cause include Santa Barbara Meals on Wheels ($415k), Meals on Wheels Walker Countytx Inc ($415k) and Jubilee Academy Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. Other salaries and wages came to $15k. At year end it held assets of $342k against liabilities of $516, net assets of $341k. It reported 1 employees.