Trucare Transformation

Analysis

Trucare Transformation is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trucare Transformation reported income of $1.4m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $1.4m (+137%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trucare Transformation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Southbridge Community Servicers Inc ($1.4m), Prairie Tower Inc ($1.4m) and Bishop Non-Profit Housing Corporation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $117k (8.3% of expenses). Other salaries and wages came to $642k. At year end it held assets of $1.6m against liabilities of $502k, net assets of $1.1m. It reported 1 employees.