2nd Chance Ministries Community Development Corporation

Charity Navigator Rating 79% - Three-Star out of Four Star Rating

2nd Chance Ministries Community Development Corporation has earned a Three-Star rating from Charity Navigator, indicating a moderate level of effectiveness and accountability in its operations. This rating is primarily derived from a strong performance in accountability and finance, with the organization achieving a high program expense ratio of 95.55%. This suggests that a significant portion of its funds is allocated directly to its programs rather than administrative costs.

The organization demonstrates notable strengths, including a fully independent board with no material diversion of assets and comprehensive policies on conflict of interest, whistleblower protection, and document retention. These factors contribute positively to its transparency and governance, reinforcing trust among donors and stakeholders.

However, the organization faces challenges regarding its liabilities to assets ratio, which stands at 131.66%. This indicates a potential financial concern, as liabilities exceed assets. While the organization performs well in many areas, this aspect may warrant closer attention to ensure long-term financial stability.

This AI summary has been generated from information found on Charity Navigator.

2nd Chance Ministries Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 2nd Chance Ministries Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $1,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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