AI Transparency Report
Changed Choices demonstrates a generally stable financial position over the past decade, with total assets consistently exceeding liabilities. In the most recent filing (202312), the organization reported assets of $604,676 against liabilities of $32,402, indicating strong financial solvency. However, the 2023 fiscal year saw expenses ($532,701) outpace revenue ($417,929), resulting in a deficit for that period. This contrasts with the prior year (202212) where revenue ($643,633) significantly exceeded expenses ($491,363).
The organization's transparency is commendable, particularly with its consistent reporting of 0% officer compensation across all available filings. This suggests that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor confidence. While the overall trend shows growth in both revenue and assets since 2014, the recent deficit warrants monitoring to ensure long-term sustainability. The NTEE code I43 (Rehabilitative Residential Care) aligns with a mission that typically requires substantial program spending.