It does change in content. It certainly is not bad for your LO and is still far better than formula, but everything I have read has said that you want to try not to let your freezer stash get over a month old. As Niki said, it will stay good for 3 to 4 months.
Also, just an fyi. Freezing the milk kills all of the antibodies. I use to rotate all of my milk and just kept freezing and thawing out when I went back to work. When I found this out I started just rotating the freezer stash once a month (again, it will stay good for 3 to 4 months but, from what I have read, composition changes every month or so).
Also, be careful about over-eating from the bottle. I had this problem. There are some online calculators and charts out there that will tell you how much they need. My lo is a big suckler so he over-ate just because of a need to suckle. Now, the health care provider cuts him off at a certain point and give him a paci.
More than you asked, but these are just some things I ran in to.