Changing Lives Foundation

Analysis

Changing Lives Foundation is a registered charity in United States, based in Strongsville, OH. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Changing Lives Foundation reported income of $598k and spending of $600k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $224k to $598k (+167%), an average of +64% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Changing Lives Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include United Way of Portage County Inc ($598k), Real Estate Foundation of San Luis Obispo County ($598k) and Nagarathar Sangam of North America Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $231k. At year end it held assets of $200k against liabilities of $11k, net assets of $189k. It reported 4 employees.