Transoptions Inc

Analysis

Transoptions Inc is a registered charity in United States, based in Cedar Knolls, NJ. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2023, Transoptions Inc reported income of $1.7m and spending of $1.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+15%), an average of +3.4% a year. The sharpest change came in the year to June 2023, when income rose by 27%. 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, Transoptions Inc 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 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Whetstone Boys Ranch ($1.7m), Harvest of Hope Pantry ($1.7m) and Speak Up for Kids of Palm Beach County Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $143k (8.9% of expenses). Other salaries and wages came to $807k. At year end it held assets of $1.3m against liabilities of $327k, net assets of $944k. It reported 13 employees.