Second Chance NJ

Analysis

Second Chance NJ is a registered charity in United States, based in Brielle, NJ. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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 NJ reported income of $75k and spending of $45k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $75k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Second Chance NJ sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 37th percentile within NJ. Charities of a similar size with the same main cause include Transcend Outreach Center Inc ($75k), Reach Dem Foundation Inc ($75k) and Friends of the Larchmont Public Library Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.