2nd Chance Ministry Inc

Analysis

2nd Chance Ministry Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, 2nd Chance Ministry Inc reported income of $331k and spending of $320k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $280k to $331k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, 2nd Chance Ministry Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include A Womens Care Center ($331k), Save Our Lives ($332k) and Living in Recovery Inc ($331k).

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 $25k (7.8% of expenses). Other salaries and wages came to $37k. At year end it held assets of $26k against liabilities of $0, net assets of $26k.