Transformation Ministries Inc

Analysis

Transformation Ministries Inc is a registered charity in United States, based in Reidsville, NC. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Transformation Ministries Inc reported income of $59k and spending of $61k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $59k (-10%), an average of -10% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transformation Ministries Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within NC. Charities of a similar size with the same main cause include Iron County Food Pantry ($59k), Soutwest Asylum and Migration Institute ($59k) and Dream Builders of Chesterfield Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 2.7% and program service revenue 97% of the total. At year end it held assets of $3,985 against liabilities of $678, net assets of $3,307.