Project Transformation Tennessee Inc

Analysis

Project Transformation Tennessee Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Project Transformation Tennessee Inc reported income of $843k and spending of $1.1m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $843k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Transformation Tennessee Inc 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 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Casa Chirilagua ($843k), Society of St Vincent Depaul Cape and Islands District Inc ($843k) and Zion Evangelical Ministries of Africa ($843k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $82k (7.4% of expenses). Other salaries and wages came to $601k. At year end it held assets of $959k against liabilities of $105k, net assets of $854k. It reported 66 employees.