Second Chance Foods
EIN: 810996695 · Carmel, NY · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.3M |
| Net Assets | $342K |
Is Second Chance Foods 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 Foods
Second Chance Foods (EIN: 810996695) is a nonprofit organization based in Carmel, NY, classified under NTEE code K30. The organization reported total revenue of $2.0M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Chance Foods's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Chance Foods is a mid-size nonprofit that has been operating for 10 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 170.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$112K |
| Total Assets | $346K |
| Total Liabilities | $4K |
| Net Assets | $342K |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 3.2 months |
Financial Health Grade: A
In 2023, Second Chance Foods reported a surplus of $112K with revenue exceeding expenses, holds 3.2 months of operating reserves (adequate), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Second Chance Foods's revenue has grown at a compound annual growth rate (CAGR) of 170.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.7% | +38.7% | +48.8% |
| 2022 | +427.5% | +616.3% | +82.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Second Chance Foods 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 Foods 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 $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Frequently Asked Questions about Second Chance Foods
Is Second Chance Foods a legitimate charity?
Second Chance Foods (EIN: 810996695) is a registered tax-exempt nonprofit based in New York. It has 3 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. Financial health grade: A.
How does Second Chance Foods spend its money?
Second Chance Foods reported $2.0M 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 Foods tax-deductible?
Second Chance Foods is registered as a tax-exempt nonprofit (EIN: 810996695). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Second Chance Foods located?
Second Chance Foods is headquartered in Carmel, New York and files with the IRS under EIN 810996695. It is classified under NTEE code K30.
How many years of IRS 990 filings does Second Chance Foods have?
Second Chance Foods 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for Second Chance Foods showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Second Chance Foods's revenue has grown by 631.4%, moving from $190K to $1.4M. Total assets increased by 171.1% over the same period, from $128K to $346K. Total functional expenses rose by 893.3%, from $129K to $1.3M. In its most recent filing year (2023), Second Chance Foods reported a surplus of $112K, with revenue exceeding expenses. The organization holds $4K in liabilities against $346K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $342K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $346K | $4K | — | — |
| 2022 | $1.0M | $923K | $233K | $3K | — | View 990 |
| 2021 | $190K | $129K | $128K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $346K (revenue +38.7% year-over-year).
- 2022: Revenue of $1.0M, expenses of $923K, and assets of $233K (revenue +427.5% year-over-year).
- 2021: Revenue of $190K, expenses of $129K, and assets of $128K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Chance Foods:
Data Sources and Methodology
This transparency report for Second Chance Foods 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.