Second Chance Center of Hope

Analysis

Second Chance Center of Hope is a registered charity in United States, based in WSHNGTN CT HS, OH. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Chance Center of Hope reported income of $327k and spending of $326k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $307k to $327k (+6.5%), an average of +2.1% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Second Chance Center of Hope sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Downtown Springfield Inc ($327k), Brightwood Development Corp ($327k) and Native Island Business & Community Affairs Association Inc ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $72k (22% of expenses). Other salaries and wages came to $99k. At year end it held assets of $270k against liabilities of $0, net assets of $270k. It reported 30 employees.