Transform Mid-Atlantic Inc

Analysis

Transform Mid-Atlantic Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2023, Transform Mid-Atlantic Inc reported income of $717k and spending of $614k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $699k to $717k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 29%. 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, Transform Mid-Atlantic Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Sandpoint Community Christian School ($716k), Progress with Chess Inc ($717k) and Asociacion de Ejecutivos de Cooperativas de Puerto Rico Inc ($716k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $123k (20% of expenses). Other salaries and wages came to $225k. At year end it held assets of $1.6m against liabilities of $255k, net assets of $1.4m. It reported 7 employees.