Second Chance Re-Entry Initiative Program

Analysis

Second Chance Re-Entry Initiative Program is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Second Chance Re-Entry Initiative Program reported income of $297k and spending of $291k, spending 98% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $116k to $297k (+157%), an average of +157% a year. The sharpest change came in the year to July 2023, when income rose by 157%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Second Chance Re-Entry Initiative Program sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include West Side Christian School Educational Foundation ($297k), Hilton Head Island All Sports Booster Club Inc ($297k) and New Prairie Activity Center ($297k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $81k (28% of expenses). Other salaries and wages came to $6,245. At year end it held assets of $17k against liabilities of $11k, net assets of $6,184. It reported 1 employees.