Transition II Inc

Analysis

Transition II Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Transition II Inc reported income of $971k and spending of $1.0m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $885k to $971k (+9.7%), an average of +1.9% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transition II Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include Delancey Street South Carolina ($971k), Center for Community Service Fund ($971k) and Progressnow Colorado Education ($969k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $77k (7.5% of expenses). Other salaries and wages came to $558k. At year end it held assets of $1.9m against liabilities of $1.0m, net assets of $857k. It reported 13 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.