Second Chance for Life Foundation

Analysis

Second Chance for Life Foundation is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 April 2023, Second Chance for Life Foundation reported income of $77k and spending of $44k, leaving 44% of income unspent that year. Across the 4 years on record, from April 2020 to April 2023, income grew from $70k to $77k (+10.0%), an average of +3.2% a year. The sharpest change came in the year to April 2022, when income rose by 71%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Second Chance for Life Foundation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within MN. Charities of a similar size with the same main cause include Village Retreat Group ($77k), Quincy Crisis Pregnancy Center ($77k) and Pants Off Racing ($77k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $355k against liabilities of $0, net assets of $355k.