Transcend Foundation

Analysis

Transcend Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Transcend Foundation reported income of $162k and spending of $241k, spending 149% of what it took in. Across the 4 years on record, from December 2017 to December 2023, income grew from $2,493 to $162k (+6396%), an average of +302% a year. The sharpest change came in the year to December 2021, when income rose by 8259%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Transcend Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Hortonville Hoops Club ($162k), Pop Warner Little Scholars Inc ($162k) and Rhode Island Sports Union ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (15% of expenses). At year end it held assets of $18k against liabilities of $0, net assets of $18k.