Transforming Lives Community Development Corporation

Analysis

Transforming Lives Community Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2015, 11 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, Transforming Lives Community Development Corporation reported income of $342k and spending of $334k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $397k to $342k (-14%), an average of -7.1% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transforming Lives Community Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Alternativesyes ($342k), Connected Kids Inc ($342k) and Kshatriyas Association of North America ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.