Quick charity verification for Second Chance Opportunities (EIN: 208924424)
Verdict: Second Chance Opportunities appears trustworthy
90/100Mission Score
$7.1MRevenue
$2.6MAssets
2Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization with over $6 million in revenue, which is highly unusual and may obscure executive remuneration.
Significant increase in liabilities from $8,048 in 2014 to $1,368,220 in 2023, warranting further investigation into their nature and management.
Strengths
Exceptional revenue growth, from $215,558 in 2014 to $6,386,262 in 2023, demonstrating strong fundraising and program expansion.
High operational efficiency, with expenses consistently close to revenue, indicating funds are actively deployed for mission-related activities.
Positive asset growth, with assets increasing from $6,928 in 2014 to $2,840,886 in 2023, building organizational capacity.
Consistent financial reporting over 11 periods, indicating a commitment to transparency and compliance.
Spending Breakdown
How Second Chance Opportunities 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 Second Chance Opportunities
Is Second Chance Opportunities a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Chance Opportunities (EIN: 208924424) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
Is Second Chance Opportunities a good charity to donate to?
Second Chance Opportunities has a Mission Score of 90/100. Revenue: $7.1M. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Second Chance Opportunities?
The Employer Identification Number (EIN) for Second Chance Opportunities is 208924424. 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 Second Chance Opportunities spend its money?
Second Chance Opportunities allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Second Chance Opportunities's tax-exempt status?
You can verify Second Chance Opportunities's tax-exempt status using EIN 208924424 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
Second Chance Opportunities demonstrates strong financial growth and a commitment to its mission, as evidenced by its increasing revenue from $215,558 in 2014 to $6,386,262 in 2023. The organization consistently spends nearly all of its revenue on expenses, indicating active program delivery rather than excessive accumulation of unrestricted assets. For instance, in 2023, expenses were $6,371,622 against revenues of $6,386,262, showing a high operational efficiency. The consistent reporting of 0% officer compensation across all available filings suggests a strong focus on directing funds towards programs and operational needs rather than executive salaries, which is a positive indicator of financial stewardship and transparency. While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the overall spending pattern suggests a lean operation given the minimal difference between revenue and expenses.