Transition House Inc

Analysis

Transition House Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in July 1978, 48 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, Transition House Inc reported income of $3.6m and spending of $3.7m, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.2m to $3.6m (+66%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transition House Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Independence Institute ($3.6m), Boys & Girls Club of Central New Mexico ($3.6m) and Indiana Public Broadcasting Stations Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $165k (4.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.9m against liabilities of $1.6m, net assets of $1.3m. It reported 32 employees.