Transfamilies

Analysis

Transfamilies is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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, Transfamilies reported income of $828k and spending of $1.1m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $490k to $828k (+69%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 94% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Transfamilies sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within WA. Charities of a similar size with the same main cause include Court Appointed Special Advocates of Cumberland Gloucester and Salem ($827k), Hawthorn Heights WNC Inc ($829k) and St Johns Housing Development Fund Corporation ($827k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $302k (27% of expenses). Other salaries and wages came to $455k. At year end it held assets of $1.3m against liabilities of $639k, net assets of $617k. It reported 13 employees.