Second Chances Garage
EIN: 271336325 · Frederick, MD · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Net Assets | $131K |
Is Second Chances Garage Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Second Chances Garage
Second Chances Garage (EIN: 271336325) is a nonprofit organization based in Frederick, MD, classified under NTEE code P80. The organization reported total revenue of $1.2M and total assets of $393K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Chances Garage's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Second Chances Garage is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-74,544 |
| Total Assets | $412K |
| Total Liabilities | $281K |
| Net Assets | $131K |
| Operating Margin | -7.2% |
| Debt-to-Asset Ratio | 68.2% |
| Months of Reserves | 4.4 months |
Financial Health Grade: C
In 2023, Second Chances Garage reported a deficit of $75K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 68.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Second Chances Garage's revenue has grown at a compound annual growth rate (CAGR) of 25.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | +8.4% | -14.0% |
| 2022 | -11.1% | -6.2% | +37.5% |
| 2021 | +13.8% | +25.0% | +6.5% |
| 2020 | -3.9% | -11.8% | +24.7% |
| 2019 | +25.7% | +27.6% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Second Chances Garage 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 Chances Garage 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 $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.2%.
Frequently Asked Questions about Second Chances Garage
Is Second Chances Garage a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Chances Garage (EIN: 271336325) insufficient data. 0 red flags identified, 0 strengths noted.
How does Second Chances Garage spend its money?
Detailed spending breakdown data is not yet available for Second Chances Garage. Check back for updated IRS 990 analysis.
Are donations to Second Chances Garage tax-deductible?
Second Chances Garage is registered as a tax-exempt nonprofit (EIN: 271336325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Second Chances Garage located?
Second Chances Garage is headquartered in Frederick, Maryland and files with the IRS under EIN 271336325. It is classified under NTEE code P80.
How many years of IRS 990 filings does Second Chances Garage have?
Second Chances Garage has 13 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Second Chances Garage showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Second Chances Garage's revenue has grown by 1352.6%, moving from $72K to $1.0M. Total assets increased by 874.7% over the same period, from $42K to $412K. Total functional expenses rose by 2888.5%, from $37K to $1.1M. In its most recent filing year (2023), Second Chances Garage reported a deficit of $75K, with expenses exceeding revenue. The organization holds $281K in liabilities against $412K in assets (debt-to-asset ratio: 68.2%), resulting in net assets of $131K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $1.1M | $412K | $281K | — | View 990 |
| 2022 | $954K | $1.0M | $479K | $273K | — | — |
| 2021 | $1.1M | $1.1M | $349K | $69K | — | View 990 |
| 2020 | $943K | $877K | $327K | $25K | — | — |
| 2019 | $981K | $994K | $262K | $26K | — | View 990 |
| 2018 | $781K | $779K | $266K | $18K | — | View 990 |
| 2017 | $620K | $534K | $262K | $15K | — | — |
| 2016 | $464K | $390K | $196K | $22K | — | View 990 |
| 2015 | $362K | $339K | $109K | $8K | — | View 990 |
| 2014 | $300K | $353K | $94K | $16K | — | View 990 |
| 2013 | $306K | $283K | $72K | $7K | — | View 990 |
| 2012 | $150K | $145K | $47K | $6K | — | View 990 |
| 2011 | $72K | $37K | $42K | $389 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $1.1M, and assets of $412K (revenue +9.0% year-over-year).
- 2022: Revenue of $954K, expenses of $1.0M, and assets of $479K (revenue -11.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $349K (revenue +13.8% year-over-year).
- 2020: Revenue of $943K, expenses of $877K, and assets of $327K (revenue -3.9% year-over-year).
- 2019: Revenue of $981K, expenses of $994K, and assets of $262K (revenue +25.7% year-over-year).
- 2018: Revenue of $781K, expenses of $779K, and assets of $266K (revenue +25.9% year-over-year).
- 2017: Revenue of $620K, expenses of $534K, and assets of $262K (revenue +33.7% year-over-year).
- 2016: Revenue of $464K, expenses of $390K, and assets of $196K (revenue +28.3% year-over-year).
- 2015: Revenue of $362K, expenses of $339K, and assets of $109K (revenue +20.3% year-over-year).
- 2014: Revenue of $300K, expenses of $353K, and assets of $94K (revenue -1.9% year-over-year).
- 2013: Revenue of $306K, expenses of $283K, and assets of $72K (revenue +104.1% year-over-year).
- 2012: Revenue of $150K, expenses of $145K, and assets of $47K (revenue +109.7% year-over-year).
- 2011: Revenue of $72K, expenses of $37K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Second Chances Garage:
Data Sources and Methodology
This transparency report for Second Chances Garage 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.