Transformative Arts

Analysis

Transformative Arts is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Transformative Arts reported income of $193k and spending of $195k, spending 101% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $290k to $193k (-33%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transformative Arts sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Western North Carolina Historical Association Incorporation ($193k), Queen City Chamber Opera ($193k) and Friends of the City of Raleigh Museum ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.