Second Chances
Second Chances reports no revenue or assets in its latest filing, raising questions about its current operational status.
EIN: 202191392 · Dubuque, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $117K |
| Program Spending | 90% |
| Net Assets | $33K |
| Transparency Score | 70/100 |
Is Second Chances Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Second Chances directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Second Chances
Second Chances (EIN: 202191392) is a nonprofit organization based in Dubuque, IA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Chances's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Chances is a small nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 14.8%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $117K |
| Surplus / Deficit | +$19K |
| Total Assets | $33K |
| Net Assets | $33K |
| Operating Margin | 14.1% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2017, Second Chances reported a surplus of $19K with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 7 years of filings (2011–2017), Second Chances's revenue has grown at a compound annual growth rate (CAGR) of 14.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +35.6% | +19.6% | +139.2% |
| 2016 | +22.0% | +20.8% | +23.4% |
| 2015 | -9.8% | -8.3% | +13.5% |
| 2014 | +10.4% | +1.7% | +42.9% |
| 2013 | -33.0% | -33.4% | -38.1% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Second Chances with a Mission Score of 70 out of 100 (Good). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Second Chances allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all filings, indicating a volunteer-led organization, which is highly efficient for an organization of this size.
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 Chances's IRS 990 filings:
- Latest filing shows $0 revenue and $0 assets, suggesting potential inactivity or closure.
- No NTEE code provided, making it difficult to categorize its specific mission area.
Strengths
The following positive indicators were identified for Second Chances:
- Consistently reported 0% officer compensation, indicating volunteer leadership and high efficiency.
- Maintained $0 liabilities across all reported periods, demonstrating strong financial solvency and no debt.
- Historically operated with expenses closely aligned to revenue, suggesting prudent spending for a small organization.
Frequently Asked Questions about Second Chances
Is Second Chances a legitimate charity?
Second Chances (EIN: 202191392) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 70/100. It has 7 years of IRS 990 filings on record. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Second Chances spend its money?
Second Chances directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Second Chances tax-deductible?
Second Chances is registered as a tax-exempt nonprofit (EIN: 202191392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Second Chances located?
Second Chances is headquartered in Dubuque, Iowa and files with the IRS under EIN 202191392.
How many years of IRS 990 filings does Second Chances have?
Second Chances has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Second Chances still operational given its latest filing of $0 revenue and assets?
The latest IRS 990 filing for Second Chances reports $0 in revenue and assets, which typically indicates that an organization may no longer be actively operating or has significantly scaled down its activities. Further investigation beyond the 990 filing would be needed to confirm its current status.
How does Second Chances fund its operations if it reports $0 revenue?
Based on the latest filing, it does not appear to be funding operations. Historically, its operations were funded through revenues that peaked at $136,560 in 2017, but the current filing suggests a cessation of financial activity.
What is the NTEE Code for Second Chances?
The NTEE Code for Second Chances is listed as 'Unknown' in the provided data. This information is not available from the given IRS 990 summary.
Filing History
IRS 990 filing history for Second Chances showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Second Chances's revenue has grown by 129%, moving from $60K to $137K. Total assets increased by 81.6% over the same period, from $18K to $33K. Total functional expenses rose by 122.5%, from $53K to $117K. In its most recent filing year (2017), Second Chances reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $137K | $117K | $33K | $0 | — | View 990 |
| 2016 | $101K | $98K | $14K | $0 | — | View 990 |
| 2015 | $83K | $81K | $11K | $0 | — | View 990 |
| 2014 | $92K | $89K | $10K | $0 | — | View 990 |
| 2013 | $83K | $87K | $7K | $0 | — | View 990 |
| 2012 | $124K | $131K | $11K | $0 | — | View 990 |
| 2011 | $60K | $53K | $18K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $137K, expenses of $117K, and assets of $33K (revenue +35.6% year-over-year).
- 2016: Revenue of $101K, expenses of $98K, and assets of $14K (revenue +22.0% year-over-year).
- 2015: Revenue of $83K, expenses of $81K, and assets of $11K (revenue -9.8% year-over-year).
- 2014: Revenue of $92K, expenses of $89K, and assets of $10K (revenue +10.4% year-over-year).
- 2013: Revenue of $83K, expenses of $87K, and assets of $7K (revenue -33.0% year-over-year).
- 2012: Revenue of $124K, expenses of $131K, and assets of $11K (revenue +107.7% year-over-year).
- 2011: Revenue of $60K, expenses of $53K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Chances:
Data Sources and Methodology
This transparency report for Second Chances 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.