Operation Second Chance Inc

Is Operation Second Chance Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Operation Second Chance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Operation Second Chance Inc

Operation Second Chance Inc (EIN: 202624345) is a nonprofit organization based in Clarksburg, MD, classified under NTEE code W30. The organization reported total revenue of $3.6M and total assets of $8.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Operation Second Chance 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 Operation Second Chance Inc with a Mission Score of 92 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: 85%
• fundraising: 5%

According to IRS 990 filings, Operation Second Chance Inc 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.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, suggesting either volunteer leadership or compensation levels below IRS reporting thresholds, which is highly favorable for an organization of its size with revenues often exceeding $2 million annually.

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.

Strengths

The following positive indicators were identified for Operation Second Chance Inc:

• Consistent asset growth, from $1.1M in 2014 to $7.7M in 2023, indicating strong financial management.
• No reported officer compensation across all filings, suggesting high efficiency and dedication to mission.
• Revenue consistently exceeds expenses in most years, leading to healthy net income and reserves.
• Low liabilities relative to assets, indicating a strong balance sheet and financial stability.
• Strong program focus implied by the absence of significant reported administrative or fundraising overhead in the available data.

Frequently Asked Questions about Operation Second Chance Inc

Filing History

IRS 990 filing history for Operation Second Chance Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Operation Second Chance Inc's revenue has grown by 247.3%, moving from $642K to $2.2M. Total assets increased by 1124.8% over the same period, from $636K to $7.8M. Total functional expenses rose by 202.5%, from $508K to $1.5M. In its most recent filing year (2023), Operation Second Chance Inc reported a surplus of $694K, with revenue exceeding expenses. The organization holds $360K in liabilities against $7.8M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $7.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.2M, expenses of $1.5M, and assets of $7.8M (revenue +5.8% year-over-year).
• 2022: Revenue of $2.1M, expenses of $1.6M, and assets of $7.1M (revenue -33.5% year-over-year).
• 2021: Revenue of $3.2M, expenses of $1.5M, and assets of $7.0M (revenue +49.2% year-over-year).
• 2020: Revenue of $2.1M, expenses of $1.2M, and assets of $5.5M (revenue -33.4% year-over-year).
• 2019: Revenue of $3.2M, expenses of $1.6M, and assets of $3.7M (revenue +119.4% year-over-year).
• 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $2.0M (revenue -4.4% year-over-year).
• 2017: Revenue of $1.5M, expenses of $1.1M, and assets of $2.1M (revenue +27.5% year-over-year).
• 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $1.7M (revenue -19.7% year-over-year).
• 2015: Revenue of $1.5M, expenses of $1.0M, and assets of $1.6M (revenue +25.0% year-over-year).
• 2014: Revenue of $1.2M, expenses of $937K, and assets of $1.1M (revenue +27.0% year-over-year).
• 2013: Revenue of $935K, expenses of $821K, and assets of $857K (revenue +15.0% year-over-year).
• 2012: Revenue of $813K, expenses of $704K, and assets of $742K (revenue +26.6% year-over-year).
• 2011: Revenue of $642K, expenses of $508K, and assets of $636K.

Data Sources and Methodology

This transparency report for Operation Second Chance 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.