Transformation Life Center

Analysis

Transformation Life Center is a registered charity in United States, based in West Park, NY. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Transformation Life Center reported income of $439k and spending of $462k, spending 105% of what it took in. Across the 3 years on record, from December 2018 to December 2022, income grew from $299k to $439k (+47%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Transformation Life Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Bahamas Faith Ministries International Inc ($439k), Echo Ministry ($439k) and Zoe Childrens Tribe Ministries ($439k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $20k (4.2% of expenses). Other salaries and wages came to $79k. At year end it held assets of $3.6m against liabilities of $7,867, net assets of $3.6m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.