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New Chance Inc

EIN 37-2040108 · Anchorage, AK

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair65 out of 100GovernanceGood78 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

Our mission is to provide relief and support to refugees in Alaska, helping individuals and families displaced by conflict to successfully resettle, achieve self-sufficiency, and thrive in their new communities.

Income
$1.6 million
Spending
$1.5 million
Spent on programs
100%
Reserves
2.5 months of spending
Largest source of income
government grants, 76%
Employees
10
Volunteers
60
Highest pay
$101,887, executive dir.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 65 out of 100. Higher than 38% of charities in its peer group (human services, $1m to $10m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.5 months of spending.

  • Debt

    10 of 20

    It owes 48% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 8% of income.

  • Income trend

    15 of 15

    Income rose 128% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 78 out of 100. Higher than 30% of charities in its peer group (human services, $1m to $10m).

  • Independent board

    18 of 25

    4 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    0 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $964,915 spent. Alaska Housing Finance Corporation - Stabilization Program. In this program we served 427 clients with 12 months of rent assistance, fund for basic life necessities, navigation through new systems such as doctor appointments, school enrollments for kids, immigration needs, life event changes, and the overall whole person support.
  2. $277,228 spent. Through a partnership with Church World Service, New Chance Inc. implements the United States Reception and Placement (USRP) Program to welcome newly arriving refugees to Alaska. The program provides comprehensive support during their initial 90 days in the U.S., including airport reception, housing preparation, cultural orientation, and community & employment connections. In 2024, New Chance Inc. welcomed and assisted 42 individuals through this program, helping them begin their journey toward stability and self-sufficiency in Alaska.
  3. $159,824 spent. CSS - Job Readiness - This grant supported the development and statewide delivery of a virtual Job Readiness curriculum to help refugees and humanitarian parolees prepare for employment in Alaska. The curriculum was written and instructed in 2024. Through this program, New Chance Inc. exceeded its outcome goals, serving more than 70 participants through online classes focused on job search skills, resume building, and workforce integration. As clients learn job readiness skills, they also naturally improve their English through practical, work-related communication and interactive lessons.
  4. $90,420 spent. CSS - Education & Employment Program serving 323 clients in completing job assessment, writing resumes, job searches and interview assistance, job coaching, interview interpretations, onboarding support to client and employers, as well as check-ins after employment. To complete this work, our team works hard on networking and connecting clients with welcoming employers.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.