Changinggears Inc

Analysis

Changinggears Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2011, 15 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, Changinggears Inc reported income of $960k and spending of $886k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $497k to $960k (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Changinggears Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Uyghur Human Rights Project ($960k), Road to Emmaus Ministry of Syracuse Inc ($960k) and Achieving Independence and Mobility Center for Independent Living ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $79k (9.0% of expenses). Other salaries and wages came to $379k. At year end it held assets of $662k against liabilities of $58k, net assets of $605k. It reported 11 employees.