Second Chance Last Opportunity Inc

Analysis

Second Chance Last Opportunity Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 1998, 28 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 September 2023, Second Chance Last Opportunity Inc reported income of $1.5m and spending of $640k, leaving 58% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $372k to $1.5m (+307%), an average of +60% a year. The sharpest change came in the year to September 2023, when income rose by 158%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Last Opportunity 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 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Park Playhouse Inc ($1.5m), Tiny Findings Inc ($1.5m) and Empowerment Incorporated ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $165k (26% of expenses). Other salaries and wages came to $92k. At year end it held assets of $1.2m against liabilities of $3,173, net assets of $1.2m. It reported 5 employees.