Transition 1 2 3 Inc

Analysis

Transition 1 2 3 Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in June 2013, 13 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, Transition 1 2 3 Inc reported income of $299k and spending of $303k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $188k to $299k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transition 1 2 3 Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Lions Foundation of North Dakota Inc ($299k), Super Happy Healthy Kids Inc ($299k) and Kent County Community Action Agency Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $167k (55% of expenses). Other salaries and wages came to $29k. At year end it held assets of $19k against liabilities of $97k, net assets of -$79k. It reported 4 employees.