People Of The Second Chance
EIN: 274039128 · Gastonia, NC · NTEE: X99
| Metric | Value |
|---|---|
| Total Revenue | $801K |
| Total Expenses | $317K |
| Net Assets | $335K |
Is People Of The Second Chance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About People Of The Second Chance
People Of The Second Chance (EIN: 274039128) is a nonprofit organization based in Gastonia, NC, classified under NTEE code X99. The organization reported total revenue of $801K and total assets of $371K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of People Of The Second Chance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
People Of The Second Chance is a small nonprofit that has been operating for 12 years, with 5 years of IRS 990 filings on record (2013–2018). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $493K |
| Total Expenses | $317K |
| Surplus / Deficit | +$176K |
| Total Assets | $371K |
| Total Liabilities | $36K |
| Net Assets | $335K |
| Operating Margin | 35.7% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2018, People Of The Second Chance reported a surplus of $176K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 5 years of filings (2013–2018), People Of The Second Chance's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -33.7% | -46.9% | +79.5% |
| 2017 | +12.6% | -10.5% | +184.0% |
| 2015 | -4.8% | -3.2% | -8.8% |
| 2014 | +45.1% | +65.0% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for People Of The Second Chance 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 People Of The Second Chance 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $176K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.8%.
Frequently Asked Questions about People Of The Second Chance
Is People Of The Second Chance a legitimate charity?
Based on AI analysis of IRS 990 filings, People Of The Second Chance (EIN: 274039128) insufficient data. 0 red flags identified, 0 strengths noted.
How does People Of The Second Chance spend its money?
Detailed spending breakdown data is not yet available for People Of The Second Chance. Check back for updated IRS 990 analysis.
Are donations to People Of The Second Chance tax-deductible?
People Of The Second Chance is registered as a tax-exempt nonprofit (EIN: 274039128). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is People Of The Second Chance located?
People Of The Second Chance is headquartered in Gastonia, North Carolina and files with the IRS under EIN 274039128. It is classified under NTEE code X99.
How many years of IRS 990 filings does People Of The Second Chance have?
People Of The Second Chance has 5 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 $801K in total revenue.
Filing History
IRS 990 filing history for People Of The Second Chance showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2013–2018), People Of The Second Chance's revenue has grown by 3.2%, moving from $478K to $493K. Total assets increased by 391% over the same period, from $76K to $371K. Total functional expenses fell by 24.1%, from $417K to $317K. In its most recent filing year (2018), People Of The Second Chance reported a surplus of $176K, with revenue exceeding expenses. The organization holds $36K in liabilities against $371K in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $335K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $493K | $317K | $371K | $36K | — | View 990 |
| 2017 | $743K | $597K | $207K | $48K | — | View 990 |
| 2015 | $660K | $667K | $73K | $0 | — | View 990 |
| 2014 | $693K | $689K | $80K | $0 | — | View 990 |
| 2013 | $478K | $417K | $76K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $493K, expenses of $317K, and assets of $371K (revenue -33.7% year-over-year).
- 2017: Revenue of $743K, expenses of $597K, and assets of $207K (revenue +12.6% year-over-year).
- 2015: Revenue of $660K, expenses of $667K, and assets of $73K (revenue -4.8% year-over-year).
- 2014: Revenue of $693K, expenses of $689K, and assets of $80K (revenue +45.1% year-over-year).
- 2013: Revenue of $478K, expenses of $417K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for People Of The Second Chance:
Data Sources and Methodology
This transparency report for People Of The Second Chance 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.