Center for Changing Lives

Analysis

Center for Changing Lives is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Center for Changing Lives reported income of $1.6m and spending of $1.8m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $637k to $1.6m (+146%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 116%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Center for Changing Lives sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Crossway Community Inc ($1.6m), Coalition Homes Incorporated ($1.6m) and Mutual Housing Association of Hawaii Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $166k (9.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.1m against liabilities of $150k, net assets of $979k. It reported 27 employees.