Second Chance Opportunities
Second Chance Opportunities shows consistent revenue growth and high operational spending, with no reported officer compensation.
EIN: 208924424 · Albany, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.1M |
| Total Expenses | $6.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is Second Chance Opportunities Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Second Chance Opportunities directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Second Chance Opportunities
Second Chance Opportunities (EIN: 208924424) is a nonprofit organization based in Albany, NY, classified under NTEE code P20. The organization reported total revenue of $7.1M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Chance Opportunities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Chance Opportunities is a mid-size nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 51.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.4M |
| Surplus / Deficit | +$15K |
| Total Assets | $2.8M |
| Total Liabilities | $1.4M |
| Net Assets | $1.5M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 48.2% |
| Months of Reserves | 5.4 months |
Financial Health Grade: A
In 2023, Second Chance Opportunities reported a surplus of $15K with revenue exceeding expenses, holds 5.4 months of operating reserves (adequate), has a debt-to-asset ratio of 48.2% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Second Chance Opportunities's revenue has grown at a compound annual growth rate (CAGR) of 51.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.1% | +12.5% | -1.2% |
| 2022 | -0.7% | +19.2% | +39.5% |
| 2021 | +29.2% | +12.2% | +28.9% |
| 2020 | +34.1% | +39.1% | +40.5% |
| 2019 | +76.6% | +95.2% | +19.3% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Second Chance Opportunities with a Mission Score of 90 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, Second Chance Opportunities 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 11 available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size with over $6 million in annual revenue. This suggests either a volunteer-led executive team or that executive compensation is categorized differently within other expense lines, which would warrant further investigation for full transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Second Chance Opportunities's IRS 990 filings:
- Consistent 0% officer compensation for an organization with over $6 million in revenue, which is highly unusual and may obscure executive remuneration.
- Significant increase in liabilities from $8,048 in 2014 to $1,368,220 in 2023, warranting further investigation into their nature and management.
Strengths
The following positive indicators were identified for Second Chance Opportunities:
- Exceptional revenue growth, from $215,558 in 2014 to $6,386,262 in 2023, demonstrating strong fundraising and program expansion.
- High operational efficiency, with expenses consistently close to revenue, indicating funds are actively deployed for mission-related activities.
- Positive asset growth, with assets increasing from $6,928 in 2014 to $2,840,886 in 2023, building organizational capacity.
- Consistent financial reporting over 11 periods, indicating a commitment to transparency and compliance.
Frequently Asked Questions about Second Chance Opportunities
Is Second Chance Opportunities a legitimate charity?
Second Chance Opportunities (EIN: 208924424) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 11 years of IRS 990 filings on record. Total revenue: $7.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Second Chance Opportunities spend its money?
Second Chance Opportunities directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Second Chance Opportunities tax-deductible?
Second Chance Opportunities is registered as a tax-exempt nonprofit (EIN: 208924424). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Second Chance Opportunities CEO make?
Second Chance Opportunities's highest-compensated officer earns $6 annually. The organization reported $7.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Second Chance Opportunities's spending goes to programs?
Second Chance Opportunities directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Second Chance Opportunities compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Second Chance Opportunities is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Second Chance Opportunities located?
Second Chance Opportunities is headquartered in Albany, New York and files with the IRS under EIN 208924424. It is classified under NTEE code P20.
How many years of IRS 990 filings does Second Chance Opportunities have?
Second Chance Opportunities has 11 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 $7.1M in total revenue.
How does Second Chance Opportunities manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a fully volunteer-led executive team, or that executive compensation is embedded within other expense categories, which would require a deeper dive into their detailed financial statements to understand fully.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided data shows total revenue and expenses, it does not offer a detailed breakdown of how much is allocated to programs, administration, and fundraising. Given the high operational spending relative to revenue, it's likely a significant portion goes to programs, but specific percentages are not available in this summary.
What is the organization's strategy for managing its liabilities, which have grown significantly?
Liabilities have increased substantially from $8,048 in 2014 to $1,368,220 in 2023. While assets have also grown, understanding the nature of these liabilities (e.g., program-related debt, operational loans) and the organization's repayment strategy is crucial for assessing long-term financial stability.
Filing History
IRS 990 filing history for Second Chance Opportunities showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Second Chance Opportunities's revenue has grown by 6287.3%, moving from $100K to $6.4M. Total assets increased by 23985.5% over the same period, from $12K to $2.8M. Total functional expenses rose by 6180.1%, from $101K to $6.4M. In its most recent filing year (2023), Second Chance Opportunities reported a surplus of $15K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $2.8M in assets (debt-to-asset ratio: 48.2%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.4M | $2.8M | $1.4M | — | View 990 |
| 2022 | $5.6M | $5.7M | $2.9M | $1.4M | — | View 990 |
| 2021 | $5.6M | $4.8M | $2.1M | $534K | — | View 990 |
| 2020 | $4.4M | $4.2M | $1.6M | $950K | — | View 990 |
| 2019 | $3.3M | $3.0M | $1.1M | $612K | — | View 990 |
| 2018 | $1.8M | $1.6M | $955K | $633K | — | View 990 |
| 2017 | $590K | $553K | $172K | $131K | — | View 990 |
| 2016 | $351K | $338K | $15K | $11K | — | View 990 |
| 2015 | $223K | $231K | $4K | $13K | — | View 990 |
| 2014 | $216K | $218K | $7K | $8K | — | View 990 |
| 2013 | $100K | $101K | $12K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.4M, and assets of $2.8M (revenue +14.1% year-over-year).
- 2022: Revenue of $5.6M, expenses of $5.7M, and assets of $2.9M (revenue -0.7% year-over-year).
- 2021: Revenue of $5.6M, expenses of $4.8M, and assets of $2.1M (revenue +29.2% year-over-year).
- 2020: Revenue of $4.4M, expenses of $4.2M, and assets of $1.6M (revenue +34.1% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.0M, and assets of $1.1M (revenue +76.6% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.6M, and assets of $955K (revenue +211.9% year-over-year).
- 2017: Revenue of $590K, expenses of $553K, and assets of $172K (revenue +68.1% year-over-year).
- 2016: Revenue of $351K, expenses of $338K, and assets of $15K (revenue +57.8% year-over-year).
- 2015: Revenue of $223K, expenses of $231K, and assets of $4K (revenue +3.3% year-over-year).
- 2014: Revenue of $216K, expenses of $218K, and assets of $7K (revenue +115.6% year-over-year).
- 2013: Revenue of $100K, expenses of $101K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Chance Opportunities:
Data Sources and Methodology
This transparency report for Second Chance Opportunities 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.