Search for Change Inc

Analysis

Search for Change Inc is a registered charity in United States, based in Valhalla, NY. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Search for Change Inc reported income of $11.4m and spending of $11.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.7m to $11.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Search for Change Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Families and Community Together Inc ($11.4m), Hetrick-Martin Institute Inc ($11.4m) and St Anns Senior Housing Inc ($11.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $316k (2.8% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $15.0m against liabilities of $9.6m, net assets of $5.3m. It reported 161 employees.