Second Chance Ministries Community Development Corp Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 50,543 | 82,417 | −31,874 | -40.5 | 15% |
| 2021 | 52,558 | 74,698 | −22,140 | -48.2 | 2% |
| 2022 | 49,553 | 84,949 | −35,396 | -47.4 | 18% |
| 2023 | 58,009 | 107,321 | −49,312 | -43.0 | 17% |
In its most recent public year (2023), this organization spent $49,312 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-43 months), down from -40.5 in 2020. Staff pay was 17% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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