A Chance In Life Inc
A Chance In Life Inc. faces recurring operating deficits despite stable assets and no reported officer compensation.
EIN: 131835632 · Staten Island, NY · NTEE: P30J · Updated: 2026-03-28
Is A Chance In Life 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 In Life Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About A Chance In Life Inc
A Chance In Life Inc (EIN: 131835632) is a nonprofit organization based in Staten Island, NY, classified under NTEE code P30J. The organization reported total revenue of $4.1M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of A Chance In Life Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates A Chance In Life Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, A Chance In Life Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
A Chance In Life Inc. consistently reports 0% for officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence regarding executive pay.
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 In Life Inc's IRS 990 filings:
- Recurring operating deficits in recent years (e.g., 2023 and 2022 expenses exceeded revenue).
- Declining revenue trend from 2021 to 2023.
Strengths
The following positive indicators were identified for A Chance In Life Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
- Stable asset base, generally above $3 million, providing some financial cushion.
- Low liabilities relative to assets, suggesting good short-term financial management.
Frequently Asked Questions about A Chance In Life Inc
Is A Chance In Life Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, A Chance In Life Inc (EIN: 131835632) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does A Chance In Life Inc spend its money?
A Chance In Life Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to A Chance In Life Inc tax-deductible?
A Chance In Life Inc is registered as a tax-exempt nonprofit (EIN: 131835632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is A Chance In Life Inc. financially stable?
While the organization has a stable asset base (e.g., $3,197,508 in 2023), it has experienced operating deficits in recent years (e.g., $2,594,318 revenue vs. $3,138,032 expenses in 2023), suggesting a reliance on reserves or other funding to cover costs.
How does A Chance In Life Inc. manage executive compensation?
The organization reports 0% for officer compensation in all available filings, indicating a commitment to minimizing executive pay or relying on volunteer leadership.
What is the trend in A Chance In Life Inc.'s revenue?
Revenue has fluctuated, with a peak of $3,872,259 in 2021, but has seen a decline to $2,594,318 in 2023, following a dip from $3,523,023 in 2022.
Filing History
IRS 990 filing history for A Chance In Life Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), A Chance In Life Inc's revenue has grown by 95.1%, moving from $1.3M to $2.6M. Total assets increased by 79.2% over the same period, from $1.8M to $3.2M. Total functional expenses rose by 77.3%, from $1.8M to $3.1M. In its most recent filing year (2023), A Chance In Life Inc reported a deficit of $544K, with expenses exceeding revenue. The organization holds $70K in liabilities against $3.2M in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $3.1M | $3.2M | $70K | — | — |
| 2022 | $3.5M | $4.1M | $3.5M | $109K | — | View 990 |
| 2021 | $3.9M | $2.9M | $4.7M | $85K | — | View 990 |
| 2020 | $2.2M | $2.1M | $4.1M | $355K | — | View 990 |
| 2019 | $2.5M | $2.9M | $3.3M | $45K | — | View 990 |
| 2018 | $2.2M | $1.9M | $3.3M | $36K | — | View 990 |
| 2017 | $2.0M | $1.5M | $3.3M | $45K | — | — |
| 2016 | $1.6M | $1.4M | $2.7M | $34K | — | View 990 |
| 2015 | $2.5M | $1.3M | $2.4M | $45K | — | View 990 |
| 2014 | $2.1M | $2.7M | $1.4M | $39K | — | View 990 |
| 2013 | $1.9M | $1.7M | $2.1M | $72K | — | View 990 |
| 2012 | $1.5M | $1.5M | $1.8M | $40K | — | View 990 |
| 2011 | $1.3M | $1.8M | $1.8M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $3.1M, and assets of $3.2M (revenue -26.4% year-over-year).
- 2022: Revenue of $3.5M, expenses of $4.1M, and assets of $3.5M (revenue -9.0% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.9M, and assets of $4.7M (revenue +78.0% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.1M, and assets of $4.1M (revenue -13.0% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.9M, and assets of $3.3M (revenue +12.7% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.9M, and assets of $3.3M (revenue +11.0% year-over-year).
- 2017: Revenue of $2.0M, expenses of $1.5M, and assets of $3.3M (revenue +25.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $2.7M (revenue -35.5% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.3M, and assets of $2.4M (revenue +19.6% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.7M, and assets of $1.4M (revenue +10.6% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.7M, and assets of $2.1M (revenue +22.1% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $1.8M (revenue +14.7% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.8M, and assets of $1.8M.
Data Sources and Methodology
This transparency report for A Chance In Life 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.