Change Summer Inc

Analysis

Change Summer Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 September 2023, Change Summer Inc reported income of $5.6m and spending of $6.2m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $5.6m (+198%), an average of +31% a year. The sharpest change came in the year to September 2022, when income rose by 167%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Change Summer Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Invest in Kids ($5.6m), Oklahoma Youth Exposition Inc ($5.6m) and Jewish Big Brothers Big Sisters Association of Los Angeles ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $339k (5.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.4m against liabilities of $575k, net assets of $1.9m. It reported 366 employees.