Chance Foundation Inc

Analysis

Chance Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2015, 11 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, Chance Foundation Inc reported income of $135k and spending of $65k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $135k (+231%), an average of +231% a year. The sharpest change came in the year to December 2023, when income rose by 231%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chance Foundation Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within MN. Charities of a similar size with the same main cause include Children of Incarcerated Caregivers ($134k), LGBT Housing Initiatve ($135k) and Pride Collective & Community Center ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $181k against liabilities of $0, net assets of $181k.