Second Chance Farm

Analysis

Second Chance Farm is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 Farm reported income of $617k and spending of $399k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $617k (+159%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 78% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Second Chance Farm sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Rescue City Inc ($617k), Animal Rescue of the Rockies ($618k) and Healing Hearts Animal Sanctuary Inc ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $36k (9.0% of expenses). Other salaries and wages came to $46k. At year end it held assets of $540k against liabilities of $3,422, net assets of $536k. It reported 8 employees.