Changed Choices
Changed Choices shows strong asset-to-liability ratio but experienced a deficit in its latest fiscal year.
EIN: 201714187 · Charlotte, NC · NTEE: I43 · Updated: 2026-03-28
Is Changed Choices Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Changed Choices directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Changed Choices
Changed Choices (EIN: 201714187) is a nonprofit organization based in Charlotte, NC, classified under NTEE code I43. The organization reported total revenue of $589K and total assets of $556K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Changed Choices's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Changed Choices is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $418K |
| Total Expenses | $533K |
| Surplus / Deficit | $-114,772 |
| Total Assets | $605K |
| Total Liabilities | $32K |
| Net Assets | $572K |
| Operating Margin | -27.5% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 13.6 months |
Financial Health Grade: B
In 2023, Changed Choices reported a deficit of $115K with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Changed Choices's revenue has grown at a compound annual growth rate (CAGR) of 9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.1% | +8.4% | -15.5% |
| 2022 | +24.2% | +8.3% | +26.7% |
| 2021 | -3.8% | -3.0% | +14.1% |
| 2020 | +33.9% | +7.2% | +16.5% |
| 2019 | +9.5% | +24.0% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Changed Choices with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Changed Choices allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $115K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Changed Choices consistently reports 0% officer compensation across all 13 filings, indicating that its leadership is either unpaid or compensated through non-officer roles, which is highly favorable for donor perception and suggests a strong commitment to mission over executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Changed Choices's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal year (202312), leading to a deficit of over $114,000.
Strengths
The following positive indicators were identified for Changed Choices:
- Consistently reports 0% officer compensation across all filings, indicating strong financial stewardship.
- Strong asset-to-liability ratio, with assets of $604,676 significantly outweighing liabilities of $32,402 in 2023.
- Demonstrated growth in assets and revenue over the past decade.
- Consistent filing history (13 filings) indicates good transparency and compliance.
Frequently Asked Questions about Changed Choices
Is Changed Choices a legitimate charity?
Based on AI analysis of IRS 990 filings, Changed Choices (EIN: 201714187) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Changed Choices spend its money?
Changed Choices directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Changed Choices tax-deductible?
Changed Choices is registered as a tax-exempt nonprofit (EIN: 201714187). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Changed Choices financially stable?
Yes, Changed Choices appears financially stable with assets of $604,676 significantly exceeding liabilities of $32,402 in the latest filing (202312). However, the organization did operate at a deficit in 2023, with expenses of $532,701 exceeding revenue of $417,929.
How efficient is Changed Choices' spending?
Based on typical nonprofit benchmarks and the consistent 0% officer compensation, Changed Choices appears to be efficient. While specific program spending ratios aren't detailed in the provided data, the lack of executive compensation suggests a high proportion of funds likely go directly to programs and necessary operational costs.
Does Changed Choices pay its executives?
No, Changed Choices consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that its officers are not compensated in that capacity.
Has Changed Choices' revenue been growing?
Yes, revenue has generally grown over the past decade, from $489,942 in 2014 to $417,929 in 2023, with a peak of $643,633 in 2022. While there was a dip in 2023, the overall trend is upward.
Filing History
IRS 990 filing history for Changed Choices showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Changed Choices's revenue has grown by 184.8%, moving from $147K to $418K. Total assets increased by 1125.6% over the same period, from $49K to $605K. Total functional expenses rose by 299%, from $134K to $533K. In its most recent filing year (2023), Changed Choices reported a deficit of $115K, with expenses exceeding revenue. The organization holds $32K in liabilities against $605K in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $572K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $418K | $533K | $605K | $32K | — | — |
| 2022 | $644K | $491K | $716K | $29K | — | View 990 |
| 2021 | $518K | $454K | $565K | $30K | — | View 990 |
| 2020 | $538K | $468K | $495K | $25K | — | — |
| 2019 | $402K | $437K | $425K | $25K | — | View 990 |
| 2018 | $367K | $352K | $456K | $21K | — | View 990 |
| 2017 | $394K | $332K | $443K | $24K | — | View 990 |
| 2016 | $399K | $285K | $371K | $13K | — | View 990 |
| 2015 | $340K | $267K | $259K | $15K | — | View 990 |
| 2014 | $490K | $408K | $179K | $7K | — | View 990 |
| 2013 | $362K | $354K | $110K | $21K | — | View 990 |
| 2012 | $248K | $215K | $96K | $14K | — | View 990 |
| 2011 | $147K | $134K | $49K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $418K, expenses of $533K, and assets of $605K (revenue -35.1% year-over-year).
- 2022: Revenue of $644K, expenses of $491K, and assets of $716K (revenue +24.2% year-over-year).
- 2021: Revenue of $518K, expenses of $454K, and assets of $565K (revenue -3.8% year-over-year).
- 2020: Revenue of $538K, expenses of $468K, and assets of $495K (revenue +33.9% year-over-year).
- 2019: Revenue of $402K, expenses of $437K, and assets of $425K (revenue +9.5% year-over-year).
- 2018: Revenue of $367K, expenses of $352K, and assets of $456K (revenue -6.8% year-over-year).
- 2017: Revenue of $394K, expenses of $332K, and assets of $443K (revenue -1.1% year-over-year).
- 2016: Revenue of $399K, expenses of $285K, and assets of $371K (revenue +17.3% year-over-year).
- 2015: Revenue of $340K, expenses of $267K, and assets of $259K (revenue -30.7% year-over-year).
- 2014: Revenue of $490K, expenses of $408K, and assets of $179K (revenue +35.3% year-over-year).
- 2013: Revenue of $362K, expenses of $354K, and assets of $110K (revenue +46.1% year-over-year).
- 2012: Revenue of $248K, expenses of $215K, and assets of $96K (revenue +68.9% year-over-year).
- 2011: Revenue of $147K, expenses of $134K, and assets of $49K.
Data Sources and Methodology
This transparency report for Changed Choices 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.