The Transition Network Inc

Analysis

The Transition Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2001, 25 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, The Transition Network Inc reported income of $585k and spending of $441k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $567k to $585k (+3.2%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Transition Network Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Rahabs Sisters ($585k), Chelsea Senior Citizens Activities Center ($585k) and Pro Youth Centers ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $100k (23% of expenses). Other salaries and wages came to $63k. At year end it held assets of $792k against liabilities of $26k, net assets of $766k. It reported 3 employees.