Time for Change

Analysis

Time for Change is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Time for Change reported income of $621k and spending of $665k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $169k to $621k (+268%), an average of +54% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Time for Change sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include Mayfair Business Improvement District Inc ($621k), Las Vegas Community Investment Corporation ($622k) and Friends of Ganondagan Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $90k (14% of expenses). Other salaries and wages came to $99k. At year end it held assets of $137k against liabilities of $85k, net assets of $52k. It reported 3 employees.