Quick charity verification for Chance For Life Organization (EIN: 113761327)
Verdict: Chance For Life Organization appears trustworthy
70/100Mission Score
$1.2MRevenue
$88KAssets
4Red Flags
3Strengths
Red Flags
Reported $0 in assets for the 2023 fiscal period, a significant decrease from previous years.
Experienced a $98,067 deficit in 2023 (Expenses $943,744 vs. Revenue $845,677), indicating spending exceeded income.
Fluctuating financial performance with recurring deficits in multiple years (2023, 2021, 2017, 2016).
NTEE code Z99 (unknown/unclassified) limits understanding of specific programmatic focus.
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating no executive salaries.
Significant revenue growth from $37,963 in 2014 to $845,677 in 2023, demonstrating fundraising capacity.
Positive net income in 2022 ($691,024 revenue vs. $628,537 expenses), showing periods of financial health.
Spending Breakdown
How Chance For Life Organization allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Chance For Life Organization
Is Chance For Life Organization a legitimate charity?
Based on AI analysis of IRS 990 filings, Chance For Life Organization (EIN: 113761327) appears trustworthy. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
Is Chance For Life Organization a good charity to donate to?
Chance For Life Organization has a Mission Score of 70/100. Revenue: $1.2M. Assets: $88K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chance For Life Organization?
The Employer Identification Number (EIN) for Chance For Life Organization is 113761327. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Chance For Life Organization spend its money?
Chance For Life Organization allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chance For Life Organization's tax-exempt status?
You can verify Chance For Life Organization's tax-exempt status using EIN 113761327 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Chance For Life Organization demonstrates a fluctuating financial picture with recent growth in revenue but also periods of significant net losses. In 2023, the organization reported $845,677 in revenue against $943,744 in expenses, indicating a deficit of nearly $100,000 for the year. This follows a positive year in 2022 where revenue of $691,024 exceeded expenses of $628,537. The organization's assets have also shown volatility, with a reported $0 in assets for 2023, a notable decrease from $67,625 in 2022. This lack of reported assets in the most recent filing, coupled with liabilities of $65,212, raises questions about financial stability and asset management. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards programs rather than executive salaries, which is a positive indicator for donor confidence. However, the overall financial health is impacted by the recurring deficits and the recent disappearance of reported assets.