Fund for Change Inc

Analysis

Fund for Change Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fund for Change Inc reported income of $910k and spending of $955k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $904k to $910k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to December 2022, when income rose by 9384%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fund for Change Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Firstability Inc ($909k), SMC Development Inc ($910k) and Center for the Missing ($909k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.