Transformation Montgomery Inc

Analysis

Transformation Montgomery Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in September 2014, 12 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 (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, Transformation Montgomery Inc reported income of $567k and spending of $403k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $567k (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transformation Montgomery Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Mae House ($567k), Lutheran Housing Services Number 5incorporated ($567k) and Cornerstone Village Inc ($567k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 37% of the total. Other salaries and wages came to $188k. At year end it held assets of $723k against liabilities of $28k, net assets of $695k. It reported 8 employees.