Second Chances Foundation

Analysis

Second Chances Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2022, 4 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 Foundation reported income of $417k and spending of $109k, leaving 74% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $192k to $417k (+117%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 26% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chances Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Hispanic Ministries of Tuscarawas County Inc ($417k), Project Outreach Incorporated ($417k) and Servehaiti Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $853k against liabilities of $1,600, net assets of $852k.