Changemakers Community Economic Development Corporation

Analysis

Changemakers Community Economic Development Corporation is a registered charity in United States, based in Hilo, HI. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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 June 2024, Changemakers Community Economic Development Corporation reported income of $671k and spending of $565k, spending 84% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $380k to $671k (+77%), an average of +77% a year. The sharpest change came in the year to June 2024, when income rose by 77%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Changemakers Community Economic Development Corporation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within HI. Charities of a similar size with the same main cause include Colorado Music Educators Association ($671k), The Alliance of Therapy Dogs ($671k) and Start Bright Inc ($671k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $18k (3.2% of expenses). Other salaries and wages came to $250k. At year end it held assets of $158k against liabilities of $0, net assets of $158k. It reported 7 employees.