Chance For Life Organization
Chance For Life Organization reports a $98,067 deficit and zero assets in its latest filing, despite revenue growth.
EIN: 113761327 · Southfield, MI · NTEE: Z99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $944K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $800,000 |
| Net Assets | $-65,212 |
| Transparency Score | 70/100 |
Is Chance For Life Organization Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chance For Life Organization directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chance For Life Organization
Chance For Life Organization (EIN: 113761327) is a nonprofit organization based in Southfield, MI, classified under NTEE code Z99. The organization reported total revenue of $1.2M and total assets of $88K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chance For Life Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chance For Life Organization is a mid-size nonprofit that has been operating for 12 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $846K |
| Total Expenses | $944K |
| Surplus / Deficit | $-98,067 |
| Total Assets | $0 |
| Total Liabilities | $65K |
| Net Assets | $-65,212 |
| Operating Margin | -11.6% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Chance For Life Organization reported a deficit of $98K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Chance For Life Organization's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.4% | +50.1% | -100.0% |
| 2022 | +121.5% | +55.2% | +1361.2% |
| 2021 | -20.9% | +2.3% | -93.8% |
| 2020 | -13.7% | -3.9% | -4.5% |
| 2019 | +37.6% | +113.3% | +199.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Chance For Life Organization with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chance For Life Organization allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $98K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for a nonprofit of its size with over $800,000 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 Chance For Life Organization's IRS 990 filings:
- 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
The following positive indicators were identified for Chance For Life Organization:
- 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.
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) some concerns. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
How does Chance For Life Organization spend its money?
Chance For Life Organization directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chance For Life Organization tax-deductible?
Chance For Life Organization is registered as a tax-exempt nonprofit (EIN: 113761327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chance For Life Organization CEO make?
Chance For Life Organization's highest-compensated officer earns $800,000 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chance For Life Organization's spending goes to programs?
Chance For Life Organization directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chance For Life Organization compare to similar nonprofits?
With a transparency score of 70/100 (Good), Chance For Life Organization is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chance For Life Organization located?
Chance For Life Organization is headquartered in Southfield, Michigan and files with the IRS under EIN 113761327. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Chance For Life Organization have?
Chance For Life Organization has 13 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 $1.2M in total revenue.
Why did Chance For Life Organization report $0 in assets for the 2023 fiscal period, a significant drop from $67,625 in 2022?
The sudden disappearance of reported assets in the latest filing is a critical financial question that needs clarification to understand the organization's financial stability and asset management practices.
Given the $98,067 deficit in 2023, how does Chance For Life Organization plan to achieve financial sustainability?
The organization experienced a substantial deficit in 2023, following a deficit in 2021 and 2017. A clear strategy for managing expenses and ensuring revenue exceeds costs is essential for long-term viability.
What is the specific breakdown of program expenses, considering the organization's NTEE code Z99 (unknown/unclassified)?
With an unclassified NTEE code, understanding the specific programs and how the majority of expenses are allocated to them is crucial for assessing impact and mission alignment.
Filing History
IRS 990 filing history for Chance For Life Organization showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chance For Life Organization's revenue has grown by 268.7%, moving from $229K to $846K. Total assets decreased by 100% over the same period, from $16K to $0. Total functional expenses rose by 317.7%, from $226K to $944K. In its most recent filing year (2023), Chance For Life Organization reported a deficit of $98K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $846K | $944K | $0 | $65K | — | View 990 |
| 2022 | $691K | $629K | $68K | $35K | — | View 990 |
| 2021 | $312K | $405K | $5K | $53K | — | View 990 |
| 2020 | $394K | $396K | $74K | $29K | — | — |
| 2019 | $457K | $412K | $78K | $31K | — | View 990 |
| 2018 | $332K | $193K | $26K | $25K | — | View 990 |
| 2017 | $220K | $222K | $0 | $138K | — | View 990 |
| 2016 | $244K | $321K | $230 | $136K | — | View 990 |
| 2015 | $68K | $61K | $8K | $82K | — | View 990 |
| 2014 | $38K | $37K | $2K | $83K | — | View 990 |
| 2013 | $182K | $300K | $584 | $83K | — | View 990 |
| 2012 | $278K | $246K | $58K | $23K | — | View 990 |
| 2011 | $229K | $226K | $16K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $846K, expenses of $944K, and assets of $0 (revenue +22.4% year-over-year).
- 2022: Revenue of $691K, expenses of $629K, and assets of $68K (revenue +121.5% year-over-year).
- 2021: Revenue of $312K, expenses of $405K, and assets of $5K (revenue -20.9% year-over-year).
- 2020: Revenue of $394K, expenses of $396K, and assets of $74K (revenue -13.7% year-over-year).
- 2019: Revenue of $457K, expenses of $412K, and assets of $78K (revenue +37.6% year-over-year).
- 2018: Revenue of $332K, expenses of $193K, and assets of $26K (revenue +51.0% year-over-year).
- 2017: Revenue of $220K, expenses of $222K, and assets of $0 (revenue -9.8% year-over-year).
- 2016: Revenue of $244K, expenses of $321K, and assets of $230 (revenue +259.6% year-over-year).
- 2015: Revenue of $68K, expenses of $61K, and assets of $8K (revenue +78.7% year-over-year).
- 2014: Revenue of $38K, expenses of $37K, and assets of $2K (revenue -79.2% year-over-year).
- 2013: Revenue of $182K, expenses of $300K, and assets of $584 (revenue -34.3% year-over-year).
- 2012: Revenue of $278K, expenses of $246K, and assets of $58K (revenue +21.1% year-over-year).
- 2011: Revenue of $229K, expenses of $226K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chance For Life Organization:
Data Sources and Methodology
This transparency report for Chance For Life Organization 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.