Second Chancer Foundation Inc

Analysis

Second Chancer Foundation Inc is a registered charity in United States, based in Palmyra, VA. It received its IRS tax-exemption ruling in July 2022, 4 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, Second Chancer Foundation Inc reported income of $60k and spending of $119k, spending 198% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $254k to $60k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 54% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Second Chancer Foundation Inc sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Azar House Pregnancy Resource Center ($60k), Gregory Curtis Michel Memorial Foundation ($60k) and Ear Peace Save Your Hearing Foundation Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $145k against liabilities of $475, net assets of $145k.