Another Chance House

Analysis

Another Chance House is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in September 1988, 38 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 December 2023, Another Chance House reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $1.1m (-0.2%), an average of -0.1% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Another Chance House sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Ascension Childcare ($1.1m), Bell Oaks Inc ($1.1m) and Ocean Beach Child Care Project ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $77k (7.0% of expenses). Other salaries and wages came to $473k. At year end it held assets of $2.0m against liabilities of $15k, net assets of $2.0m. It reported 32 employees.