Transact Hope

Analysis

Transact Hope is a registered charity in United States, based in Stevens Point, WI. It received its IRS tax-exemption ruling in October 2013, 13 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, Transact Hope reported income of $191k and spending of $152k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $191k (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transact Hope sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include Blue River Churubusco Inc ($191k), JBF Projects ($191k) and Freeman Apartments Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $60k (39% of expenses). At year end it held assets of $890k against liabilities of $383k, net assets of $507k. It reported 2 employees.