Second Chance Through Faith

Analysis

Second Chance Through Faith is a registered charity in United States, based in Peyton, CO. It received its IRS tax-exemption ruling in March 2014, 12 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 Chance Through Faith reported income of $456k and spending of $501k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $456k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Through Faith sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Make a Day Foundation ($456k), SEND It ($456k) and Brookwood Community Farm Inc ($456k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Other salaries and wages came to $141k. At year end it held assets of $255k against liabilities of $215k, net assets of $40k. It reported 4 employees.