Second Chances Recovery & Retail Store Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 340,147 | 292,726 | 47,421 | 6.4 | 50% |
| 2021 | 533,149 | 352,217 | 180,932 | 11.5 | 50% |
| 2022 | 475,002 | 431,854 | 43,148 | 10.6 | 51% |
| 2023 | 566,673 | 551,935 | 14,738 | 8.6 | 46% |
In its most recent public year (2023), this organization brought in $14,738 more than it spent. Its reserves stood at about 8.6 months of spending, up from 6.4 in 2020. Staff pay was 46% 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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