2ndchanceproject

Analysis

2ndchanceproject is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, 2ndchanceproject reported income of $362k and spending of $382k, spending 105% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $362k (-66%), an average of -30% a year. The sharpest change came in the year to December 2021, when income dropped by 54%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2ndchanceproject sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include National Church Residences of ($362k), Eben Ezer Lutheran Housing Center ($362k) and Three Oaks Circle Inc ($362k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $117k. At year end it held assets of $20k against liabilities of $0, net assets of $20k. It reported 6 employees.