A Second Chance Resource Center Network United Inc

Analysis

A Second Chance Resource Center Network United Inc is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in May 2016, 10 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, A Second Chance Resource Center Network United Inc reported income of $684k and spending of $342k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $210k to $684k (+226%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Second Chance Resource Center Network United Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Barrington Area Council on Aging Inc ($684k), Special Hope Network ($684k) and Satori Foundation ($683k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $130k (38% of expenses). Other salaries and wages came to $144k. At year end it held assets of $393k against liabilities of $0, net assets of $393k.