Chainless Change Inc

Analysis

Chainless Change Inc is a registered charity in United States, based in Lauderhill, FL. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Chainless Change Inc reported income of $966k and spending of $842k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $216k to $966k (+346%), an average of +65% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 89% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Chainless Change Inc 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 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Central Wisconsin Community Law Inc ($966k), Beyond the Bars Inc ($966k) and First Judicial District Casa Program Inc ($964k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (9.3% of expenses). Other salaries and wages came to $281k. At year end it held assets of $526k against liabilities of $4,117, net assets of $522k. It reported 10 employees.