501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 41 volunteers and 6 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $48K a year · 11% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$116K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $319K in investments, Pt X · Ln 11–13
Fine: 0.6 months of spending in cash, plus $319K in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$511K
-18% vs prior year
Spent
$583K
To programs
70%
Net assets
$483K
By yearFY2020–FY2024
Revenue
$511K
FY2024▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$295K
FY2021$362K
FY2022$320K
FY2023$622K
FY2024$511K
Expenses
$583K
FY2024▲ +61%
Tap a bar for its year
Expenses by fiscal year
FY2020$249K
FY2021$285K
FY2022$392K
FY2023$362K
FY2024$583K
Net assets
$483K
FY2024▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$268K
FY2021$344K
FY2022$272K
FY2023$569K
FY2024$483K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $407K Management & general 30% · $176K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $116K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary and Ed
$115,990Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Young NA Lee’s $116K as Secretary and Ed is at the 88th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2020
Young NA Lee$115,990$97,404—
Sungbong Kim——$22,873

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Give Chances INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Give Chances INC is an international affairs nonprofit based in Palisades Pk, NJ.

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Provided by the organization

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3 programs · $405K · in their own filed words · FY2024
01

The program provides homework assistance, mathematics and english enrichment classes, extracurricular activities, and more. The program hosts classes both in-person and online to meet students where they ARE.AFTER-SCHOOL program: after-school program aims to provide quality out-of-school educational experiences for all students…

$240Kprogram expense
02

Youth Development Program

Chance makers is a youth volunteer council for high school students that focuses on leadership training and advocacy initiatives. With a focus on the topic of educational equality, members are given opportunities to enhance their leadership abilities, develop research skills, and volunteer for a meaningful cause.

$86Kprogram expense
03

Ddartists Program

The ddartists disability support program is a program for young artists with developmental disabilities. It fosters a compassionate environment, empowering participants to explore their artistic talents while developing vital life skills.

$79Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$511K
Ln 12
Gifts and grantsLn 1h$359K
Fees for servicesLn 2g$104K
Investment incomeLn 3$48K
Money outPt IX
$583K
Ln 25
Programscol B$407K
Managementcol C$176K
Owns and owesPt X
$483K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$489K
LiabilitiesLn 26$6K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$359K
Government grantsLn 1e$29K
Fees for servicesLn 2g$104K
Investment incomeLn 3$48K
Gains on assetsLn 7$38K
Total revenueLn 12$511K
Assets in detailPt X, end of year
CashLn 1$31K
SavingsLn 2$100
Cash and savings togetherLn 1–2$31K
InvestmentsLn 11–13$319K
Land, buildings, equipmentLn 10c$35K
Other assetsLn 15$12K
Total assetsLn 16$489K
LiabilitiesLn 26$6K
Net assetsLn 32$483K
OperationsPt I, VI
EmployeesI 56
VolunteersI 641
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$173K$31K
InvestmentsLn 11–13$286K$319K
Land, buildings, equipmentLn 10c$35K
Total assetsLn 16$588K$489K
LiabilitiesLn 26$19K$6K
Net assetsLn 32$569K$483K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$500$500
Grants to domestic individualsLn 2$1K$1K
Other salaries and wagesLn 7$160K$128K$32K
Pension plan contributionsLn 8$5K$4K$966
Other employee benefitsLn 9$17K$14K$3K
Payroll taxesLn 10$13K$11K$3K
Legal feesLn 11b$2K$1K$300
Accounting feesLn 11c$15K$12K$3K
Office expensesLn 13$28K$16K$11K
OccupancyLn 16$23K$19K$5K
TravelLn 17$4K$3K$777
Depreciation, depletion and amortizationLn 22$47K$38K$9K
InsuranceLn 23$3K$2K$565
Other expenses (24a–d)Ln 24$259K$153K$106K
All other expensesLn 24e$5K$4K$1K
Total functional expensesLn 25$583K$407K$176K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $511K$583K−$71K$483K 990 PDF
FY2023 $622K$362K$261K$569K 990 PDF
FY2022 $320K$392K−$72K$272K 990 PDF
FY2021 $362K$285K$76K$344K 990 PDF
FY2020 $295K$249K$46K$268K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $511,439 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $589,679$359,440
I-9 Program service revenuePrior year $35,638$104,457
I-10 Investment incomePrior year −$3,111$47,542
I-11 Other revenue$0
I-12 Total revenuePrior year $622,206$511,439
I-13 Grants and similar amounts paid$1,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $163,537$195,835
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $197,979$385,488
I-18 Total expensesPrior year $361,516$582,823
I-19 Revenue less expensesPrior year $260,690−$71,384
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $511,439 across 8 lines filed
VIII-1e Government grants$29,021
VIII-1f All other contributions, gifts and grants$330,419
VIII-1h Total contributions, gifts and grants$359,440
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $104,457$104,457
VIII-3 Investment incomeRelated to mission $9,744$9,744
VIII-7 Net gain or loss on sales of assetsRelated to mission $37,798$37,798
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $151,999 · Unrelated business $0 · Excluded from tax $0$511,439
Part IX · Statement of functional expenses $582,823 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $500$500
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-7 Other salaries and wagesPrograms $128,231 · Management $32,058$160,289
IX-8 Pension plan contributionsPrograms $3,865 · Management $966$4,831
IX-9 Other employee benefitsPrograms $13,917 · Management $3,479$17,396
IX-10 Payroll taxesPrograms $10,655 · Management $2,664$13,319
IX-11b Legal feesPrograms $1,200 · Management $300$1,500
IX-11c Accounting feesPrograms $11,744 · Management $2,936$14,680
IX-13 Office expensesPrograms $16,482 · Management $11,313$27,795
IX-16 OccupancyPrograms $18,696 · Management $4,674$23,370
IX-17 TravelPrograms $3,109 · Management $777$3,886
IX-22 Depreciation, depletion and amortizationPrograms $37,890 · Management $9,472$47,362
IX-23 InsurancePrograms $2,261 · Management $565$2,826
IX-24 Other expenses (24a–d)Programs $153,146 · Management $105,768$258,914
IX-24e All other expensesPrograms $4,124 · Management $1,031$5,155
IX-25 Total functional expensesPrograms $406,820 · Management $176,003 · Fundraising $0$582,823
Part X · Balance sheet $489,068 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $173,390$31,120
X-2 Savings and temporary cash investmentsStart of year $100$100
X-9 Prepaid expenses and deferred charges$6,853
X-10c Land, buildings and equipment, net$35,306
X-11 Publicly traded securitiesStart of year $286,478$319,356
X-14 Intangible assetsStart of year $128,333$84,333
X-15 Other assets$12,000
X-16 Total assetsStart of year $588,301$489,068
X-17 Accounts payable and accrued expensesStart of year $15,039$954
X-25 Other liabilitiesStart of year $4,458$5,357
X-26 Total liabilitiesStart of year $19,497$6,311
X-27 Net assets without donor restrictionsStart of year $568,804$482,757
X-32 Total net assets or fund balancesStart of year $568,804$482,757
X-33 Total liabilities and net assetsStart of year $588,301$489,068
Part XI · Reconciliation of net assets $482,757 net assets at year end
XI-1 Total revenue$511,439
XI-2 Total expenses$582,823
XI-3 Revenue less expenses−$71,384
XI-4 Net assets at start of year$568,804
XI-5 Net unrealized gains (losses) on investments−$14,663
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$482,757

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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