Transformation Center

Analysis

Transformation Center is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Transformation Center reported income of $2.1m and spending of $2.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transformation Center sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Berkeley Senior Sevices ($2.1m), Springwell Network Inc ($2.1m) and Potluck Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $80k (4.0% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.4m against liabilities of $764k, net assets of $665k. It reported 19 employees.