Change Incorporated

Analysis

Change Incorporated is a registered charity in United States, based in Weirton, WV. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover employment, 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 December 2023, Change Incorporated reported income of $22.9m and spending of $23.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.5m to $22.9m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Change Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WV. Charities of a similar size with the same main cause include Impact Seven Incorporated ($22.9m), South Alabama Regional Planning Commission ($23.0m) and Cara Program ($22.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $601k (2.6% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $11.6m against liabilities of $4.5m, net assets of $7.2m. It reported 287 employees.