Transcenter for Youth Inc

Analysis

Transcenter for Youth Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1973, 53 years ago. 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 June 2023, Transcenter for Youth Inc reported income of $6.6m and spending of $6.3m, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.5m to $6.6m (+22%), an average of +6.7% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transcenter for Youth Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WI. Charities of a similar size with the same main cause include Boy Scouts of America ($6.6m), Garden State Episcopal Community Development Corp ($6.6m) and Southeastern Minnesota Area Agency on Aging Inc ($6.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $116k (1.8% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $4.2m against liabilities of $1.8m, net assets of $2.5m. It reported 74 employees.