The Key to Change

Analysis

The Key to Change is a registered charity in United States, based in Tukwila, WA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, The Key to Change reported income of $784k and spending of $630k, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $234k to $784k (+234%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Key to Change sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Boca Raton Museum Foundation Inc ($783k), Museum of the Aleutians ($784k) and Greater St Louis Honor Flight Inc ($783k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 10% of the total. Other salaries and wages came to $251k. At year end it held assets of $565k against liabilities of $106k, net assets of $459k. It reported 5 employees.