Second Chance Inc

Analysis

Second Chance Inc is a registered charity in United States, based in Newark, CA. It received its IRS tax-exemption ruling in November 1972, 54 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 June 2024, Second Chance Inc reported income of $6.8m and spending of $6.7m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $6.8m (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Second Chance Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Bakersfield Memorial Hospital Foundation ($6.8m), Magnolia Manor of Liberty County Inc ($6.8m) and Brown County Oral Healthpartnership Inc ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $236k (3.5% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $2.2m against liabilities of $1.3m, net assets of $897k. It reported 78 employees.