Second Chance Foods

Analysis

Second Chance Foods is a registered charity in United States, based in Carmel, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Second Chance Foods reported income of $1.4m and spending of $1.3m, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.0m to $1.4m (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Foods sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include LMC Children Services Inc ($1.4m), Prentice House Inc ($1.4m) and Sydney Paige Foundation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (9.7% of expenses). Other salaries and wages came to $64k. At year end it held assets of $346k against liabilities of $3,957, net assets of $342k. It reported 7 employees.