Transforming Age

Analysis

Transforming Age is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Transforming Age reported income of $10.5m and spending of $115.8m, spending 1101% of what it took in. Over the whole period it spent 1101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transforming Age sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within WA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($10.5m), Williamsburg Retirement Community Inc ($10.5m) and Berkeley Student Cooperative Inc ($10.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.4m (1.2% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of -$103.5m against liabilities of $872k, net assets of -$104.4m.