Transformation Center Inc

Analysis

Transformation Center Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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, Transformation Center Inc reported income of $4.1m and spending of $4.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $4.1m (+93%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transformation Center Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Hunterdon Preparatory School a Nonprofit Organization ($4.1m), American Civil Liberties Union Fund of Michigan ($4.1m) and Winding Trails Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.2m against liabilities of $231k, net assets of $982k. It reported 57 employees.