New Chance Inc

Analysis

New Chance Inc is a registered charity in United States, based in Dodge City, KS. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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 2023, New Chance Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.8m (+45%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Chance Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KS. Charities of a similar size with the same main cause include Mano a Mano ($1.8m), Friends of Yeshiva Orot Ha Teshuba Inc ($1.8m) and Philanthropic Association of Swansea Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $154k (9.0% of expenses). Other salaries and wages came to $837k. At year end it held assets of $1.9m against liabilities of $248k, net assets of $1.7m. It reported 46 employees.