Second Chances Recovery & Retail Store Inc

Analysis

Second Chances Recovery & Retail Store Inc is a registered charity in United States, based in Poteau, OK. It received its IRS tax-exemption ruling in February 2017, 9 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, Second Chances Recovery & Retail Store Inc reported income of $567k and spending of $552k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $567k (+117%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chances Recovery & Retail Store Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OK. Charities of a similar size with the same main cause include The Freedom Institute Inc ($567k), Socialworks ($567k) and Ponheary Ly Foundation ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $254k. At year end it held assets of $1.3m against liabilities of $859k, net assets of $396k. It reported 12 employees.