Transforming Educating & Empowering Children and Humanity

Analysis

Transforming Educating & Empowering Children and Humanity is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Transforming Educating & Empowering Children and Humanity reported income of $1.5m and spending of $1.0m, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $556k to $1.5m (+169%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transforming Educating & Empowering Children and Humanity sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Unchained at Last ($1.5m), Brandywine Community Resource Council Inc ($1.5m) and Fathers House Restoration Ministries Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $265k (26% of expenses). Other salaries and wages came to $242k. At year end it held assets of $1.4m against liabilities of $29k, net assets of $1.3m. It reported 7 employees.