CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.

Note(s)
According to the Center for Community Change combined audit of September 30, 2015 (Note 10, Related Party):

"The Center for Community Change Action ('CCCA') is a related, tax-exempt organization (under section 501(c)(4) of the Internal Revenue Code), whose purpose is to increase the profile of policy issues that matter to low-income people and people of color, as well as educate and empower low-income people and people of color to act on those issues."

[...]

"The Center granted $150,000 to CCCA during the year ended September 30, 2015. CCCA did not make any grants to the Center during the year ended September 30, 2015.

"On March 2, 2015, CCCA purchased the property (at 1536 U Street, NW, Washington, D.C.) from the Center for $6,900,000. Concurrently, [the] Center entered into a five year operating lease agreement with CCCA (Note 8) [see related portion below]."


According to the Center for Community Change combined audit of September 30, 2015 (Note 8, Operating Leases):

"On March 2, 2015, the Center entered into a five year operating lease agreement (for office space located at 1536 U Street, NW, Washington, D.C.) with the Center for Community Change Action (CCCA). Base rent of $51,667 per month is required during the first year, with 3% increases annually; additionally, the Center is responsible for reimbursing CCCA its proportionate share of property taxes. The lease also contains a clause for the option to renew for two additional 5-year periods."

[Note: CharityWatch does not rate the Center's related 501(c)(4) entity, Center for Community Change Action (CCCA), at this time.]
According to the Center for Community Change combined audit of September 30, 2015 (Note 11, Due from Unrelated Entity):

"During the year ended September 30, 2015, the Center extended a line of credit to an unrelated organization for the purpose of providing operating funds. The line of credit is non-interest bearing, and borrowings cannot exceed $50,000. Repayments are due monthly starting in July 2015. As of September 30, 2015, the aggregate amount due totaled $39,500...

"During the year ended September 30, 2015, the Center extended a line of credit to an unrelated organization for the purpose of providing operating funds. The line of credit is non-interest bearing, and borrowings cannot exceed $100,000. Repayments are due monthly starting in April 2016. As of September 30, 2015, the aggregate amount due totaled $100,000..."

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