Second Chance At Life Of Louisville Kentucky Inc
EIN: 320217736 · Louisville, KY · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $71K |
| Total Expenses | $10K |
| Net Assets | $50K |
Is Second Chance At Life Of Louisville Kentucky Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Second Chance At Life Of Louisville Kentucky Inc
Second Chance At Life Of Louisville Kentucky Inc (EIN: 320217736) is a nonprofit organization based in Louisville, KY, classified under NTEE code P20. The organization reported total revenue of $71K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Chance At Life Of Louisville Kentucky Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Chance At Life Of Louisville Kentucky Inc is a micro nonprofit that has been operating for 3 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 43.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $10K |
| Surplus / Deficit | +$31K |
| Total Assets | $50K |
| Net Assets | $50K |
| Operating Margin | 75.0% |
| Months of Reserves | 57.6 months |
Financial Health Grade: A
In 2023, Second Chance At Life Of Louisville Kentucky Inc reported a surplus of $31K with revenue exceeding expenses, holds 57.6 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Second Chance At Life Of Louisville Kentucky Inc's revenue has grown at a compound annual growth rate (CAGR) of 43.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | -88.4% | +167.0% |
| 2022 | +87.6% | +968.0% | -73.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Second Chance At Life Of Louisville Kentucky Inc 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 Second Chance At Life Of Louisville Kentucky Inc 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 surplus of $31K, with revenue exceeding expenses.
Frequently Asked Questions about Second Chance At Life Of Louisville Kentucky Inc
Is Second Chance At Life Of Louisville Kentucky Inc a legitimate charity?
Second Chance At Life Of Louisville Kentucky Inc (EIN: 320217736) is a registered tax-exempt nonprofit based in Kentucky. It has 3 years of IRS 990 filings on record. Total revenue: $71K. No red flags identified. Financial health grade: A.
How does Second Chance At Life Of Louisville Kentucky Inc spend its money?
Second Chance At Life Of Louisville Kentucky Inc reported $71K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Second Chance At Life Of Louisville Kentucky Inc tax-deductible?
Second Chance At Life Of Louisville Kentucky Inc is registered as a tax-exempt nonprofit (EIN: 320217736). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Second Chance At Life Of Louisville Kentucky Inc located?
Second Chance At Life Of Louisville Kentucky Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 320217736. It is classified under NTEE code P20.
How many years of IRS 990 filings does Second Chance At Life Of Louisville Kentucky Inc have?
Second Chance At Life Of Louisville Kentucky Inc has 3 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 $71K in total revenue.
Filing History
IRS 990 filing history for Second Chance At Life Of Louisville Kentucky Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Second Chance At Life Of Louisville Kentucky Inc's revenue has grown by 105.8%, moving from $20K to $42K. Total assets decreased by 29.2% over the same period, from $71K to $50K. Total functional expenses rose by 23.8%, from $8K to $10K. In its most recent filing year (2023), Second Chance At Life Of Louisville Kentucky Inc reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $10K | $50K | $0 | — | — |
| 2022 | $38K | $91K | $19K | $0 | — | View 990 |
| 2021 | $20K | $8K | $71K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $10K, and assets of $50K (revenue +9.7% year-over-year).
- 2022: Revenue of $38K, expenses of $91K, and assets of $19K (revenue +87.6% year-over-year).
- 2021: Revenue of $20K, expenses of $8K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Chance At Life Of Louisville Kentucky Inc:
Data Sources and Methodology
This transparency report for Second Chance At Life Of Louisville Kentucky 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.