Adonais Second Chances

Analysis

Adonais Second Chances is a registered charity in United States, based in Riverview, FL. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Adonais Second Chances reported income of $1.0m and spending of $814k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $831 to $1.0m (+121830%), an average of +491% a year. The sharpest change came in the year to December 2022, when income rose by 2157%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Adonais Second Chances sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Washington Parks & People ($1.0m), Superior Vocations Center Inc ($1.0m) and Startup Tucson ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (10% of expenses). Other salaries and wages came to $202k. At year end it held assets of $227k against liabilities of $166k, net assets of $61k.