Second Chance Cars

Analysis

Second Chance Cars is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in July 2019, 7 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 Chance Cars reported income of $250k and spending of $225k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $226k to $250k (+11%), an average of +3.5% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Cars sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Bellbrook-Sugarcreek Community Support Center ($250k), Savannah S Canopy Inc ($250k) and I Am Human Foundation ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $95k (42% of expenses). At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 1 employees.