Second Chance Ministries Corp

Analysis

Second Chance Ministries Corp is a registered charity in United States, based in Florissant, CO. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Second Chance Ministries Corp reported income of $389k and spending of $380k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $240k to $389k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Second Chance Ministries Corp sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Bridges for Life Ministries ($388k), Endowment for Community Leadership ($389k) and North Arkansas Gospel Mission ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (25% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.