Project Second Chance Monroe
EIN: 452842718 · Monroe, MI · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $171K |
| Total Expenses | $177K |
| Net Assets | $308K |
Is Project Second Chance Monroe Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Project Second Chance Monroe
Project Second Chance Monroe (EIN: 452842718) is a nonprofit organization based in Monroe, MI, classified under NTEE code O50. The organization reported total revenue of $171K and total assets of $280K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Second Chance Monroe's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Project Second Chance Monroe is a small nonprofit that has been operating for 13 years, with 4 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $177K |
| Surplus / Deficit | $-19,960 |
| Total Assets | $308K |
| Net Assets | $308K |
| Operating Margin | -12.7% |
| Months of Reserves | 20.8 months |
Financial Health Grade: B
In 2023, Project Second Chance Monroe reported a deficit of $20K with expenses exceeding revenue, holds 20.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2018–2023), Project Second Chance Monroe's revenue has grown at a compound annual growth rate (CAGR) of 13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.0% | +1607.7% | -33.6% |
| 2022 | +145.7% | +298.5% | +69.8% |
| 2021 | -7.8% | -68.2% | +138.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Project Second Chance Monroe 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 Project Second Chance Monroe 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
Frequently Asked Questions about Project Second Chance Monroe
Is Project Second Chance Monroe a legitimate charity?
Project Second Chance Monroe (EIN: 452842718) is a registered tax-exempt nonprofit based in Michigan. It has 4 years of IRS 990 filings on record. Total revenue: $171K. No red flags identified. Financial health grade: B.
How does Project Second Chance Monroe spend its money?
Project Second Chance Monroe reported $171K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Project Second Chance Monroe tax-deductible?
Project Second Chance Monroe is registered as a tax-exempt nonprofit (EIN: 452842718). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Project Second Chance Monroe located?
Project Second Chance Monroe is headquartered in Monroe, Michigan and files with the IRS under EIN 452842718. It is classified under NTEE code O50.
How many years of IRS 990 filings does Project Second Chance Monroe have?
Project Second Chance Monroe has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $171K in total revenue.
Filing History
IRS 990 filing history for Project Second Chance Monroe showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2018–2023), Project Second Chance Monroe's revenue has grown by 85.7%, moving from $85K to $157K. Total assets increased by 168.5% over the same period, from $115K to $308K. Total functional expenses rose by 2065.5%, from $8K to $177K. In its most recent filing year (2023), Project Second Chance Monroe reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $177K | $308K | $0 | — | — |
| 2022 | $192K | $10K | $464K | $0 | — | View 990 |
| 2021 | $78K | $3K | $273K | $0 | — | View 990 |
| 2018 | $85K | $8K | $115K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $177K, and assets of $308K (revenue -18.0% year-over-year).
- 2022: Revenue of $192K, expenses of $10K, and assets of $464K (revenue +145.7% year-over-year).
- 2021: Revenue of $78K, expenses of $3K, and assets of $273K (revenue -7.8% year-over-year).
- 2018: Revenue of $85K, expenses of $8K, and assets of $115K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Project Second Chance Monroe:
Data Sources and Methodology
This transparency report for Project Second Chance Monroe 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.