Translatina Network Inc

Analysis

Translatina Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Translatina Network Inc reported income of $2.6m and spending of $1.6m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $396k to $2.6m (+551%), an average of +60% a year. The sharpest change came in the year to June 2020, when income rose by 269%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Translatina Network Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Skillpoint Alliance ($2.6m), Houstons Capital Investing in Development & Employment of Adults ($2.6m) and Catalytic Development Funding Corp of Northern Kentucky ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $140k (8.5% of expenses). Other salaries and wages came to $476k. At year end it held assets of $5.2m against liabilities of $3.3m, net assets of $1.8m. It reported 16 employees.