Community of Change Inc

Analysis

Community of Change Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Community of Change Inc reported income of $218k and spending of $179k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $296k to $218k (-27%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community of Change Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include St Dominics Society of St Vincent de Paul ($218k), Pickett Fences Senior Services Inc ($218k) and American Nutrition Care ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $15k (8.5% of expenses). Other salaries and wages came to $35k. It paid $11k in professional fundraising fees. At year end it held assets of $183k against liabilities of $916, net assets of $182k. It reported 9 employees.