2nd Chance Ms Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 258,890 | 217,176 | 41,714 | 12.6 | 32% |
| 2021 | 337,451 | 254,341 | 83,110 | 14.7 | 28% |
| 2022 | 292,927 | 264,942 | 27,985 | 15.3 | 0% |
| 2023 | 326,371 | 238,210 | 88,161 | 21.5 | 0% |
In its most recent public year (2023), this organization brought in $88,161 more than it spent. Its reserves stood at about 21.5 months of spending, up from 12.6 in 2020. Staff pay was 0% 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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