Change Labs

Analysis

Change Labs is a registered charity in United States, based in Winslow, AZ. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Change Labs reported income of $1.6m and spending of $1.2m, leaving 24% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.4m to $1.6m (+16%), an average of +5.2% a year. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Change Labs sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include Hartford Community Loan Fund Inc ($1.6m), Building Impact Inc ($1.6m) and Finishing Trades Inst of West Penns Yldist Coun No 57 Jntapprtrain FD ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $102k (8.4% of expenses). Other salaries and wages came to $352k. At year end it held assets of $2.7m against liabilities of $71k, net assets of $2.6m.