Second Chance Initiative Inc

Analysis

Second Chance Initiative Inc is a registered charity in United States, based in San Dimas, CA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2022, Second Chance Initiative Inc reported income of $93k and spending of $27k, leaving 71% of income unspent that year. Across the 2 years on record, from June 2021 to June 2022, income grew from $50k to $93k (+85%), an average of +85% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 48% 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 Initiative Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include National Coalition of 100 Black Women Inc Las Vegas Chapter ($93k), Junior League of Bronxville Ny Inc ($93k) and Citizens Economic Development Inc ($93k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.