2 Nd Chance Building Materials
EIN: 844894110 · Scottsdale, AZ · NTEE: P29
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $25K |
| Net Assets | $778K |
Is 2 Nd Chance Building Materials Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 2 Nd Chance Building Materials
2 Nd Chance Building Materials (EIN: 844894110) is a nonprofit organization based in Scottsdale, AZ, classified under NTEE code P29. The organization reported total revenue of $1.2M and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 2 Nd Chance Building Materials's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
2 Nd Chance Building Materials is a mid-size nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 175.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $701K |
| Total Expenses | $25K |
| Surplus / Deficit | +$676K |
| Total Assets | $778K |
| Total Liabilities | $1 |
| Net Assets | $778K |
| Operating Margin | 96.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 378.3 months |
Financial Health Grade: A
In 2023, 2 Nd Chance Building Materials reported a surplus of $676K with revenue exceeding expenses, holds 378.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), 2 Nd Chance Building Materials's revenue has grown at a compound annual growth rate (CAGR) of 175.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +70099900.0% | — | +77830200.0% |
| 2022 | -100.0% | -100.0% | +0.0% |
| 2021 | -67.3% | -56.2% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for 2 Nd Chance Building Materials has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 2 Nd Chance Building Materials with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $676K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about 2 Nd Chance Building Materials
Is 2 Nd Chance Building Materials a legitimate charity?
2 Nd Chance Building Materials (EIN: 844894110) is a registered tax-exempt nonprofit based in Arizona. It has 4 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does 2 Nd Chance Building Materials spend its money?
2 Nd Chance Building Materials reported $1.2M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to 2 Nd Chance Building Materials tax-deductible?
2 Nd Chance Building Materials is registered as a tax-exempt nonprofit (EIN: 844894110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is 2 Nd Chance Building Materials located?
2 Nd Chance Building Materials is headquartered in Scottsdale, Arizona and files with the IRS under EIN 844894110. It is classified under NTEE code P29.
How many years of IRS 990 filings does 2 Nd Chance Building Materials have?
2 Nd Chance Building Materials has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for 2 Nd Chance Building Materials showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), 2 Nd Chance Building Materials's revenue has grown by 1979.6%, moving from $34K to $701K. Total assets increased by 18990.1% over the same period, from $4K to $778K. Total functional expenses fell by 20.9%, from $31K to $25K. In its most recent filing year (2023), 2 Nd Chance Building Materials reported a surplus of $676K, with revenue exceeding expenses. The organization holds $1 in liabilities against $778K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $778K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $701K | $25K | $778K | $1 | — | — |
| 2022 | $1 | $0 | $1 | $1 | — | View 990 |
| 2021 | $11K | $14K | $1 | $1 | — | View 990 |
| 2020 | $34K | $31K | $4K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $701K, expenses of $25K, and assets of $778K (revenue +70099900.0% year-over-year).
- 2022: Revenue of $1, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2021: Revenue of $11K, expenses of $14K, and assets of $1 (revenue -67.3% year-over-year).
- 2020: Revenue of $34K, expenses of $31K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 2 Nd Chance Building Materials:
Data Sources and Methodology
This transparency report for 2 Nd Chance Building Materials is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.