Second Chance Center Inc

Analysis

Second Chance Center Inc is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Second Chance Center Inc reported income of $6.3m and spending of $6.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $6.3m (+219%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 100%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Chance Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Community Arts Stabilization ($6.3m), Columbia Lighthouse for the Blind ($6.3m) and St Marys Dining Room ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $248k (4.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.2m against liabilities of $5.2m, net assets of $5.1m. It reported 83 employees.