Edwins Second Chance Life Skills Center

Analysis

Edwins Second Chance Life Skills Center is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Edwins Second Chance Life Skills Center reported income of $269k and spending of $328k, spending 122% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $142k to $269k (+90%), an average of +17% a year. The sharpest change came in the year to July 2021, when income rose by 107%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edwins Second Chance Life Skills Center sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Completing the Task Inc ($269k), Maugham Home School Association ($269k) and Titan Athletic Booster Club Inc ($269k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $18k (5.4% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.2m against liabilities of $11k, net assets of $1.2m. It reported 4 employees.