Change Is Simple Incorporated
EIN: 451463482 · Beverly, MA · NTEE: C30
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $433K |
| Net Assets | $1.3M |
Is Change Is Simple Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Change Is Simple Incorporated
Change Is Simple Incorporated (EIN: 451463482) is a nonprofit organization based in Beverly, MA, classified under NTEE code C30. The organization reported total revenue of $1.4M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Change Is Simple Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Change Is Simple Incorporated is a mid-size nonprofit that has been operating for 15 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 15.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $433K |
| Surplus / Deficit | $-33,000 |
| Total Assets | $1.5M |
| Total Liabilities | $205K |
| Net Assets | $1.3M |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 41.5 months |
Financial Health Grade: B
In 2023, Change Is Simple Incorporated reported a deficit of $33K with expenses exceeding revenue, holds 41.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 10 years of filings (2014–2023), Change Is Simple Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 15.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.4% | -47.5% | -5.2% |
| 2022 | -61.2% | +39.7% | +3.0% |
| 2021 | +271.8% | +12.3% | +169.2% |
| 2020 | -35.9% | +10.8% | -7.0% |
| 2019 | +46.4% | +14.6% | +105.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Change Is Simple Incorporated 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 Is Simple Incorporated 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 deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Frequently Asked Questions about Change Is Simple Incorporated
Is Change Is Simple Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Change Is Simple Incorporated (EIN: 451463482) insufficient data. 0 red flags identified, 0 strengths noted.
How does Change Is Simple Incorporated spend its money?
Detailed spending breakdown data is not yet available for Change Is Simple Incorporated. Check back for updated IRS 990 analysis.
Are donations to Change Is Simple Incorporated tax-deductible?
Change Is Simple Incorporated is registered as a tax-exempt nonprofit (EIN: 451463482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Change Is Simple Incorporated located?
Change Is Simple Incorporated is headquartered in Beverly, Massachusetts and files with the IRS under EIN 451463482. It is classified under NTEE code C30.
How many years of IRS 990 filings does Change Is Simple Incorporated have?
Change Is Simple Incorporated has 10 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Change Is Simple Incorporated showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Change Is Simple Incorporated's revenue has grown by 275.2%, moving from $107K to $400K. Total assets increased by 4276.1% over the same period, from $34K to $1.5M. Total functional expenses rose by 334.1%, from $100K to $433K. In its most recent filing year (2023), Change Is Simple Incorporated reported a deficit of $33K, with expenses exceeding revenue. The organization holds $205K in liabilities against $1.5M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $433K | $1.5M | $205K | — | View 990 |
| 2022 | $639K | $824K | $1.6M | $254K | — | View 990 |
| 2021 | $1.6M | $590K | $1.5M | $23K | — | View 990 |
| 2020 | $443K | $525K | $570K | $118K | — | — |
| 2019 | $691K | $474K | $613K | $79K | — | View 990 |
| 2018 | $472K | $414K | $299K | $0 | — | View 990 |
| 2017 | $384K | $307K | $240K | $0 | — | View 990 |
| 2016 | $218K | $183K | $163K | $0 | — | View 990 |
| 2015 | $216K | $138K | $128K | $0 | — | View 990 |
| 2014 | $107K | $100K | $34K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $400K, expenses of $433K, and assets of $1.5M (revenue -37.4% year-over-year).
- 2022: Revenue of $639K, expenses of $824K, and assets of $1.6M (revenue -61.2% year-over-year).
- 2021: Revenue of $1.6M, expenses of $590K, and assets of $1.5M (revenue +271.8% year-over-year).
- 2020: Revenue of $443K, expenses of $525K, and assets of $570K (revenue -35.9% year-over-year).
- 2019: Revenue of $691K, expenses of $474K, and assets of $613K (revenue +46.4% year-over-year).
- 2018: Revenue of $472K, expenses of $414K, and assets of $299K (revenue +23.0% year-over-year).
- 2017: Revenue of $384K, expenses of $307K, and assets of $240K (revenue +76.3% year-over-year).
- 2016: Revenue of $218K, expenses of $183K, and assets of $163K (revenue +0.9% year-over-year).
- 2015: Revenue of $216K, expenses of $138K, and assets of $128K (revenue +102.6% year-over-year).
- 2014: Revenue of $107K, expenses of $100K, and assets of $34K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Change Is Simple Incorporated:
Data Sources and Methodology
This transparency report for Change Is Simple Incorporated 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.