Transcendance Youth Arts Project

Analysis

Transcendance Youth Arts Project is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Transcendance Youth Arts Project reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $417k to $1.3m (+204%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Transcendance Youth Arts Project sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Central Christian University Inc ($1.3m), Moraine Valley Community College Foundation ($1.3m) and Vineyard Academy Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $167k (14% of expenses). Other salaries and wages came to $414k. It paid $22k in professional fundraising fees. At year end it held assets of $880k against liabilities of $222k, net assets of $658k. It reported 29 employees.