Speed of Change Inc

Analysis

Speed of Change Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2010, 16 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, Speed of Change Inc reported income of $115k and spending of $125k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $77k to $115k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Speed of Change Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Community Abundant Life Ministries Inc ($115k), Oklahoma Warriors Honor Flight Inc ($115k) and Big Spring Senior Center ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.