Second Chances Garage

Analysis

Second Chances Garage is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in January 2011, 15 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 Chances Garage reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $981k to $1.0m (+5.9%), an average of +1.5% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chances Garage sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Health Outreach Partners ($1.0m), Caring Child Center Inc ($1.0m) and St Louis Area Diaper Bank ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $137k (12% of expenses). Other salaries and wages came to $178k. At year end it held assets of $412k against liabilities of $281k, net assets of $131k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.