Transitions Life Center & Community Inc

Analysis

Transitions Life Center & Community Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Transitions Life Center & Community Inc reported income of $613k and spending of $611k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $474k to $613k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2020, when income rose by 160%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transitions Life Center & Community Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Backpack Weekend Food Program Inc ($613k), River Valley Initiative Foundation ($613k) and Outreach House ($613k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). Other salaries and wages came to $334k. At year end it held assets of $3.2m against liabilities of $1.6m, net assets of $1.6m. It reported 13 employees.