Transitional Living Services

Analysis

Transitional Living Services is a registered charity in United States, based in McHenry, IL. It received its IRS tax-exemption ruling in April 1997, 29 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, Transitional Living Services reported income of $4.3m and spending of $4.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $4.3m (+69%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transitional Living Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Shelter Inc Suite 203 ($4.3m), Patricia and Mark Joseph Shelter Foundation Inc ($4.3m) and Metropolitan Denver Homeless Initiative Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $109k (2.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.7m against liabilities of $1.8m, net assets of $1.9m. It reported 86 employees.