Change Happens CDC

Analysis

Change Happens CDC is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Change Happens CDC reported income of $469k and spending of $839k, spending 179% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $648k to $469k (-28%), an average of -7.8% a year. The sharpest change came in the year to August 2021, when income rose by 167%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Change Happens CDC sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Great Falls Housing Corporation ($469k), Wayside Housing Corporation ($469k) and Home Solutions of Davidson County NC Inc ($469k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 7.7% of the total. Compensation of current officers, directors and key employees was $165k (20% of expenses). Other salaries and wages came to $178k. At year end it held assets of $3.4m against liabilities of $1.0m, net assets of $2.4m. It reported 7 employees.