2nd Chance Inc

Analysis

2nd Chance Inc is a registered charity in United States, based in Anniston, AL. It received its IRS tax-exemption ruling in May 1988, 38 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 September 2023, 2nd Chance Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 4 years on record, from September 2019 to September 2023, income fell from $1.5m to $1.2m (-19%), an average of -6.8% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 2nd Chance Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Citrus County Abuse Shelter Association Incorporated ($1.2m), Advancing American Freedom Foundation Inc ($1.2m) and St Peters Italian Church Housing Development Fund Co Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $749k. At year end it held assets of $701k against liabilities of $57k, net assets of $644k. It reported 37 employees.