Change Elemental

Analysis

Change Elemental is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, Change Elemental reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.2m to $2.7m (-35%), an average of -10% a year. The sharpest change came in the year to September 2021, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Change Elemental sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include Downstate Technology Center Inc ($2.7m), Heartland Families Inc ($2.7m) and Hoboken Business Alliance Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $294k (12% of expenses). Other salaries and wages came to $951k. At year end it held assets of $4.0m against liabilities of $199k, net assets of $3.8m. It reported 12 employees.