Second Chances Inc

Analysis

Second Chances Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in May 2005, 21 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 Inc reported income of $365k and spending of $265k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $235k to $365k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chances Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Centreville Immigration Forum ($365k), Caring Pathways of Carrollton ($365k) and Oregon Senior Citizens Center Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $157k. At year end it held assets of $409k against liabilities of $7,457, net assets of $401k. It reported 3 employees.