Transformation Network

Analysis

Transformation Network is a registered charity in United States, based in Ashland, OH. It received its IRS tax-exemption ruling in July 2001, 25 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 (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 Network reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $3.6m (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transformation Network sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include Westminster Ingleside Presbyterian Foundation ($3.6m), Four Seasons Health Care Center Inc ($3.6m) and Orange County Senior Living Incorporated ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $77k (2.0% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $2.4m against liabilities of $602k, net assets of $1.8m. It reported 484 employees.