Change Foundation Inc
EIN: 822719584 · Tega Cay, SC · NTEE: F20
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $4K |
| Net Assets | $5K |
Is Change Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Change Foundation Inc
Change Foundation Inc (EIN: 822719584) is a nonprofit organization based in Tega Cay, SC, classified under NTEE code F20. The organization reported total revenue of $3K and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Change Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Change Foundation Inc is a micro nonprofit that has been operating for 8 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -31.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4K |
| Total Expenses | $4K |
| Surplus / Deficit | +$190 |
| Total Assets | $5K |
| Total Liabilities | $1 |
| Net Assets | $5K |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 15.2 months |
Financial Health Grade: A
In 2023, Change Foundation Inc reported a surplus of $190 with revenue exceeding expenses, holds 15.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Change Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -31.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.8% | -10.0% | +4.3% |
| 2022 | +144.2% | -26.3% | +167.7% |
| 2021 | -69.5% | -19.0% | -61.9% |
| 2020 | -47.6% | -74.5% | +120.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1280 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Change Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Change Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $190, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Change Foundation Inc
Is Change Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Change Foundation Inc (EIN: 822719584) insufficient data. 0 red flags identified, 0 strengths noted.
How does Change Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Change Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Change Foundation Inc tax-deductible?
Change Foundation Inc is registered as a tax-exempt nonprofit (EIN: 822719584). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Change Foundation Inc located?
Change Foundation Inc is headquartered in Tega Cay, South Carolina and files with the IRS under EIN 822719584. It is classified under NTEE code F20.
How many years of IRS 990 filings does Change Foundation Inc have?
Change Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3K in total revenue.
Filing History
IRS 990 filing history for Change Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Change Foundation Inc's revenue has declined by 78%, moving from $17K to $4K. Total assets increased by 134.5% over the same period, from $2K to $5K. Total functional expenses fell by 86.3%, from $26K to $4K. In its most recent filing year (2023), Change Foundation Inc reported a surplus of $190, with revenue exceeding expenses. The organization holds $1 in liabilities against $5K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4K | $4K | $5K | $1 | — | — |
| 2022 | $7K | $4K | $4K | $1 | — | View 990 |
| 2021 | $3K | $5K | $2K | $1 | — | View 990 |
| 2020 | $9K | $7K | $4K | $1 | — | — |
| 2019 | $17K | $26K | $2K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4K, expenses of $4K, and assets of $5K (revenue -43.8% year-over-year).
- 2022: Revenue of $7K, expenses of $4K, and assets of $4K (revenue +144.2% year-over-year).
- 2021: Revenue of $3K, expenses of $5K, and assets of $2K (revenue -69.5% year-over-year).
- 2020: Revenue of $9K, expenses of $7K, and assets of $4K (revenue -47.6% year-over-year).
- 2019: Revenue of $17K, expenses of $26K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Change Foundation Inc:
Data Sources and Methodology
This transparency report for Change Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.