A Chance Fund Inc
A Chance Fund Inc consistently accumulates assets with minimal expenses and no reported officer compensation.
EIN: 202020998 · Bethesda, MD · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $219K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.6M |
| Transparency Score | 90/100 |
Is A Chance Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
A Chance Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About A Chance Fund Inc
A Chance Fund Inc (EIN: 202020998) is a nonprofit organization based in Bethesda, MD, classified under NTEE code T20. The organization reported total revenue of $1.8M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of A Chance Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
A Chance Fund Inc is a mid-size nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 42.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $219K |
| Surplus / Deficit | +$1.6M |
| Total Assets | $4.6M |
| Total Liabilities | $1 |
| Net Assets | $4.6M |
| Operating Margin | 87.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 254.5 months |
Financial Health Grade: A
In 2023, A Chance Fund Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 254.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), A Chance Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 42.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +805.0% | +27.4% | +32.3% |
| 2022 | -74.8% | +0.0% | +1.0% |
| 2021 | +254.6% | -10.8% | +21.8% |
| 2020 | -81.9% | -43.2% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates A Chance Fund Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, A Chance Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization with over $5 million in assets and nearly $1.8 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of A Chance Fund Inc's IRS 990 filings:
- Significant asset accumulation relative to reported expenses, raising questions about immediate program deployment of funds.
- Unusually low expenses compared to revenue, which might indicate limited direct program activities or a focus on endowment building.
Strengths
The following positive indicators were identified for A Chance Fund Inc:
- Exceptional financial health with consistent asset growth, reaching over $5 million.
- Extremely low and stable expenses, indicating high operational efficiency.
- Consistent reporting of 0% officer compensation, suggesting volunteer leadership or highly cost-effective administration.
- Strong revenue generation in recent years, such as $1,792,398 in 2023.
- Regular and transparent IRS 990 filing history.
Frequently Asked Questions about A Chance Fund Inc
Is A Chance Fund Inc a legitimate charity?
A Chance Fund Inc (EIN: 202020998) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does A Chance Fund Inc spend its money?
A Chance Fund Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to A Chance Fund Inc tax-deductible?
A Chance Fund Inc is registered as a tax-exempt nonprofit (EIN: 202020998). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the A Chance Fund Inc CEO make?
A Chance Fund Inc's highest-compensated officer earns $5 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does A Chance Fund Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), A Chance Fund Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is A Chance Fund Inc located?
A Chance Fund Inc is headquartered in Bethesda, Maryland and files with the IRS under EIN 202020998. It is classified under NTEE code T20.
How many years of IRS 990 filings does A Chance Fund Inc have?
A Chance Fund Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Is A Chance Fund Inc a good charity?
Based on the data, A Chance Fund Inc appears to be a very efficient and financially healthy organization with strong asset growth and extremely low expenses relative to revenue. The consistent 0% officer compensation is a significant positive. However, the large accumulation of assets relative to program spending warrants further inquiry into how these funds are being utilized for their mission.
How does A Chance Fund Inc manage its expenses?
A Chance Fund Inc manages its expenses exceptionally well, consistently keeping them very low. For example, in 2023, expenses were only $219,033 against revenue of $1,792,398, indicating a highly cost-effective operation.
What is the trend in A Chance Fund Inc's assets?
A Chance Fund Inc has shown a strong and consistent upward trend in its assets, growing from $496,788 in 2011 to $5,133,714 in the latest period, demonstrating robust financial growth and stability.
Why is there no officer compensation reported?
The IRS 990 filings consistently report 0% officer compensation, which suggests that the organization's leadership may be entirely volunteer-based or that compensation is structured in a way that it is not reported under officer compensation, which is unusual for an organization of this size.
Filing History
IRS 990 filing history for A Chance Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), A Chance Fund Inc's revenue has grown by 6739.1%, moving from $26K to $1.8M. Total assets increased by 835% over the same period, from $497K to $4.6M. Total functional expenses rose by 1659.3%, from $12K to $219K. In its most recent filing year (2023), A Chance Fund Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $1 in liabilities against $4.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $219K | $4.6M | $1 | — | — |
| 2022 | $198K | $172K | $3.5M | $8K | — | View 990 |
| 2021 | $786K | $172K | $3.5M | $1 | — | View 990 |
| 2020 | $222K | $193K | $2.9M | $1 | — | View 990 |
| 2019 | $1.2M | $339K | $2.8M | $1 | — | View 990 |
| 2015 | $-159,287 | $93K | $1.3M | $2K | — | View 990 |
| 2014 | $1.1M | $46K | $1.5M | $1 | — | View 990 |
| 2013 | $13K | $35K | $431K | $1 | — | View 990 |
| 2012 | $6K | $50K | $453K | $1 | — | View 990 |
| 2011 | $26K | $12K | $497K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $219K, and assets of $4.6M (revenue +805.0% year-over-year).
- 2022: Revenue of $198K, expenses of $172K, and assets of $3.5M (revenue -74.8% year-over-year).
- 2021: Revenue of $786K, expenses of $172K, and assets of $3.5M (revenue +254.6% year-over-year).
- 2020: Revenue of $222K, expenses of $193K, and assets of $2.9M (revenue -81.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $339K, and assets of $2.8M.
- 2015: Revenue of $-159,287, expenses of $93K, and assets of $1.3M (revenue -113.9% year-over-year).
- 2014: Revenue of $1.1M, expenses of $46K, and assets of $1.5M (revenue +8995.0% year-over-year).
- 2013: Revenue of $13K, expenses of $35K, and assets of $431K (revenue +107.6% year-over-year).
- 2012: Revenue of $6K, expenses of $50K, and assets of $453K (revenue -76.9% year-over-year).
- 2011: Revenue of $26K, expenses of $12K, and assets of $497K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for A Chance Fund Inc:
Data Sources and Methodology
This transparency report for A Chance Fund Inc 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.