Transitions Centers Inc

Analysis

Transitions Centers Inc is a registered charity in United States, based in South Yarmouth, MA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Transitions Centers Inc reported income of $1.4m and spending of $1.6m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.4m (-5.7%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transitions Centers Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Parents Alliance Employment Project ($1.4m), Centro Lancaster Ltd ($1.4m) and Arkansas Venture Center ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $87k (5.6% of expenses). Other salaries and wages came to $613k. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $680k. It reported 36 employees.