Second Chance Society

Analysis

Second Chance Society is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2024, Second Chance Society reported income of $311k and spending of $308k, spending 99% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $211k to $311k (+47%), an average of +10% a year. The sharpest change came in the year to May 2024, when income rose by 35%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Second Chance Society sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include BJS Restaurants Foundation Inc ($310k), Water Access Now ($311k) and Colorado Professional Fire Fighters Foundation ($310k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 96% and program service revenue 0.4% of the total. Other salaries and wages came to $130k. At year end it held assets of $925k against liabilities of $13k, net assets of $912k. It reported 6 employees.