New York · Nonprofit
Change Machine
Change Machine (New York) receives grants from 35 organizations whose IRS filings report $20,327,952 to it, the largest being THE PRUDENTIAL FOUNDATION ($5,075,000). 16 of them have funded it in more than one year.
- Revenue FY2025
- $1.6M
- Funders on record
- 35
- Grants received
- $20M
- Net assets
- $1.5M
What Change Machine does
Mission
Description of organization mission: Change Machines mission is to build financial security for low-income communities through people-powered technology. Change Machine accomplishes this mission through a technology platform that amplifies the impact of social service organizations and public agencies working with people to achieve financial goals. Its partnerships build a community of practice, and its insights influence lasting economic change.
As stated on its FY2025 Form 990.
Programs
Product development (platform) - building financial security using people-powered technology is core to Change Machines mission. Its revolutionary cloud-based platform, which operates as a b2b2c software as a service (saas) social enterprise, provides a single platform where practitioners can learn best financial coaching practices; access tools and information; and participate in a professional social network specifically designed for the field. Built by practitioners for practitioners, Change Machines financial coaching platform provides a one-stop shop for effective resources practitioners can use to address their customers underlying financial insecurity.
$506,508 spent44% of program spendingCapacity building - Change Machines business-to-business consulting services are designed to build capacity at organizations that work with low-income people locally and nationally. The team provides training and technical assistance to build financial security strategies into the daily interactions of frontline staff at partner organizations. This includes training for frontline staff to engage their customers in conversations about personal finance, as well as support for leadership to fully implement an integrated approach to financial security services within their programs and organizations.
$458,425 spent40% of program spendingResearch & policy - Change Machine develops and advocates for policy reforms and systemic changes that will remove obstacles to financial security. Change Machine builds coalitions and partners with advocacy groups, researchers, think tanks, practitioners, and local, state, and federal policymakers to guide and support its policy agenda. Its in-house research and policy team surfaces insights using customer data captured on the Change Machine platform. Change Machine uses its data and research to leverage lessons learned on the ground to create impact far beyond an initial program - informing best practices, the field, and public policy.
$176,494 spent15% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,141,427.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $6.8M to $3.5M (−49%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 8% · 2018 15% · 2019 6% · 2020 1% · 2021 7%. Grants only. Government contracts and fees sit inside program revenue.
31% of Change Machine’s revenue is contributions — about as donation-reliant as the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Mae Watson Grote
CEO
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 7 funders to 6 funders, grant income fell $2.3M → $1.5M.
8 of 35 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 22% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of Change Machine’s funders (the co-funder graph). Top 30 of 35 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Change Machine has a broad base — no single funder exceeds 25% of grant income, and it takes 3 funders to reach half.
the vertical line marks half of all grant income — 3 funders to its left
Largest funder’s share by year: 2017 77% · 2018 57% · 2019 35% · 2020 37% · 2021 37% · 2022 71% · 2023 49% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
36% of Change Machine's funders are still giving 3 years after their first grant; 46% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
Change Machine draws 64% of its grant income from funders outside New York, across 13 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $4.4M arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Change Machine is better cushioned than half of the 6,891 human services nonprofits its size.
this organization peer median middle 50% of peers· 6,891 human services nonprofits $1M–$10M, FY2025
Organizations like Change Machine
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
52% of spending goes to programs.
Governance
Public support
43%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for Change Machine: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Change Machine?
- Change Machine (New York) receives grants from 35 organizations whose IRS filings report $20,327,952 to it, the largest being THE PRUDENTIAL FOUNDATION ($5,075,000). 16 of them have funded it in more than one year.
- How many funders does Change Machine have?
- IRS filings report 35 organizations giving $20,327,952 in grants to Change Machine, 16 of which have funded it in more than one year.
- Who is the largest funder of Change Machine?
- THE PRUDENTIAL FOUNDATION is the largest funder on record, with $5,075,000 in grants. The full list of funders is on this page.
- How can an organization like Change Machine find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Change Machine →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 35 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing