Her 2nd Chance Inc

Analysis

Her 2nd Chance Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2022, Her 2nd Chance Inc reported income of $448k and spending of $438k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $200k to $448k (+124%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 109%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Her 2nd Chance 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 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Minnetonka Girls Softball Assoc ($448k), Senior Housing Association of Snohomish County ($448k) and Sheriffs Posse of Sun City West ($448k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $75k (17% of expenses). Other salaries and wages came to $185k. It paid $8,701 in professional fundraising fees. At year end it held assets of $195k against liabilities of $10k, net assets of $184k. It reported 21 employees.