Change a Life Foundation EIN 30-0058798 Form 990 (PDF) Claim this org

Change a Life Foundation

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Connects people globally with resources for positive life changes and Christian outreach. For fiscal year 2024 it reported $154K in revenue, $176K in expenses, and $2.0M in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Leesburg, VA
Website
www.changealife.net
Filings
5 on file (2020–2024)
Revenue
$154KFY2024
Expenses
$176K
Net assets
$2.0M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  30-0058798 Public charity (501(c)(3)) Leesburg, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects people globally with resources for positive life changes and Christian outreach.
Leadership
Don Wooden · Director
Money in and out
$154K revenue, $176K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$154K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$23K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▼ -75% vs prior filing year
Surplus margin
-15%
revenue over expenses, this year▲ +75% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$154K
FY2024▲ +119%
Expenses
$176K
FY2024▲ +58%
Total assets
$2.1M
FY2024-0.5%
Total liabilities
$13K
FY2024
Total revenue
$154K
Pt VIII · Ln 12
Total expenses
$176K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$23K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CChange a Life Foundation
EINHdr · item D30-0058798
Principal addressHdr · item CLeesburg, VA
WebsiteHdr · item Jwww.changealife.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJan 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $173K of program spending, described in the organization's own filed words · FY2024.
01

These funds were granted to international cooperating ministries who aid in the daily operations at the emmanuel homestead in masvingo, zimbabwe. The homestead helps support orphan children in zimbabwe. These funds help pay the salaries and daily expenses to provide food, shelter, and education for the children of the emmanuel homestead.

$132Kprogram expense
02

Grants to local charities that support the mission of the organization.

$40Kprogram expense
03

Local outreach mission to lift up and change the lives of people who are suffering from drug addiction.

$310program expense

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Statement of Revenue

Part VIII
Contributions & grants$119K · 77%
Investment income$35K · 23%
Contributions & grants77%$119K
Investment income23%$35K
Total revenueLn 12$154K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$173K
Management & general2%$4K
Total functional expensesLn 25$176K

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$13K
Total net assetsLn 32$2.0M
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6K · Operating expenses/yr $176K
0.4 months
Where the money goes
Program services
Program services $173K · Total expenses $176K
98%
Management & General
Management & general $4K · Total expenses $176K
2%
Fundraising
Fundraising $0 · Total expenses $176K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $84K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $119K · Total revenue $154K
77%
Government reliance
Government grants — · Total revenue $154K
Earned-income share
Program service revenue $0 · Total revenue $154K
0%
Investment reliance
Investment income $35K · Total revenue $154K
+23%
Program self-sufficiency
Program service revenue $0 · Total expenses $176K
0%
Growth & trend
Revenue growth (YoY)
This year $154K · Prior year $70K
+119%
Revenue CAGR
FY2020 $68K · FY2024 $154K
+23%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $154K · Expenses $176K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
Net-asset ratio
Net assets $2.0M · Total assets $2.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Don Wooden · Reported title Director · Highest reported compensation $0 · Total expenses $176K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $176K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 119%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 3 grants · $103K · 2022–2024
Unitemized GrantFY2024$18,303
Unitemized GrantFY2023$19,508
Unitemized GrantFY2022$65,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$154K revenue · viewing · ⤓ 990 PDF
FY2023$70K revenue · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021$190K revenue · ⤓ 990 PDF
FY2020$68K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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