Chiefs for Change

Analysis

Chiefs for Change is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chiefs for Change reported income of $13.6m and spending of $16.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $13.6m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chiefs for Change 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 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include Kansas City Kansas Community College Foundation ($13.5m), North Lawndale College Preparatory Charter High School ($13.6m) and Philadelphia Electrical and Technology Charter High School ($13.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Compensation of current officers, directors and key employees was $336k (2.1% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $14.3m against liabilities of $7.5m, net assets of $6.7m. It reported 24 employees.