Is Changing Gaits Inc Legit?

Red Flags

Significant increase in liabilities from $6,427 in 2020 to $180,656 in 2023 without clear explanation in provided data.
Consistent reporting of 0% officer compensation for an organization with revenues over $300,000, which may obscure true leadership costs or indicate reliance on unpaid leadership.
Expenses frequently exceeding revenue in recent periods (e.g., 2023, 2022), indicating potential reliance on reserves or a need for improved financial planning.

Spending Breakdown

How Changing Gaits Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Changing Gaits Inc

Is Changing Gaits Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Changing Gaits Inc (EIN: 208039907) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Changing Gaits Inc a good charity to donate to?

Changing Gaits Inc has a Mission Score of 75/100. Revenue: $311K. Assets: $230K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Changing Gaits Inc?

The Employer Identification Number (EIN) for Changing Gaits Inc is 208039907. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Changing Gaits Inc spend its money?

Changing Gaits Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Changing Gaits Inc's tax-exempt status?

You can verify Changing Gaits Inc's tax-exempt status using EIN 208039907 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Changing Gaits Inc demonstrates consistent operational activity, with revenues fluctuating around the $200,000-$300,000 range in recent years. The organization has shown a pattern of expenses closely matching or slightly exceeding revenue in several periods, such as 2023 ($299,268 expenses vs. $297,811 revenue) and 2022 ($309,760 expenses vs. $297,263 revenue), indicating tight financial management or reliance on prior year surpluses. Assets have grown significantly from $37,638 in 2020 to $234,837 in 2023, suggesting investment or accumulation of resources, though liabilities have also increased substantially over the same period, from $6,427 to $180,656. This growth in liabilities warrants closer examination to understand its nature and impact on the organization's long-term stability.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or that compensation is reported under different categories, which would require further investigation for full clarity on executive remuneration. The NTEE code F22 (Recreational & Sports, Special Populations) indicates a clear program focus. The close alignment of expenses to revenue, coupled with the growth in assets and liabilities, paints a picture of an organization actively managing its resources within its operational scope.

While the organization appears to be fiscally active and transparent in its filings, the significant increase in liabilities alongside asset growth, and the consistent reporting of zero officer compensation, are areas that could benefit from additional context to fully assess financial health and sustainability. The overall financial picture suggests an organization that is operational and growing, but with a need to understand the composition of its balance sheet changes.

Verdict: Changing Gaits Inc appears trustworthy