Transformation 1040

Analysis

Transformation 1040 is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 1040 reported income of $236k and spending of $382k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $236k (+0.0%), an average of +0.0% a year. The sharpest change came in the year to December 2021, when income rose by 223%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Transformation 1040 sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Executive Council on Diplomacy Inc ($236k), Jungle Ministry ($236k) and Saving Hands Emergency Aid Inc ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (19% of expenses). At year end it held assets of $150k against liabilities of $1,258, net assets of $149k. It reported 1 employees.