Time for Change Foundation

Analysis

Time for Change Foundation is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Time for Change Foundation reported income of $5.3m and spending of $4.7m, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.2m to $5.3m (+65%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 205%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Time for Change Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include The Alumni and Friends of Fiorello H Laguardia High School Inc ($5.3m), Memorial Foundation Inc ($5.3m) and Trust Uw Carl F Hertenstein General Trust ($5.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $378k (8.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $18.7m against liabilities of $291k, net assets of $18.5m. It reported 25 employees.