Transparentem Ltd

Analysis

Transparentem Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Transparentem Ltd reported income of $3.6m and spending of $2.9m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.6m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to December 2021, when income rose by 461%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transparentem Ltd sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Center for Independent Living for Western Wisconsin Inc ($3.6m), Great Kids Inc ($3.6m) and Otterbein Green Hills Foundation ($3.6m).

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 $119k (4.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.5m against liabilities of $117k, net assets of $1.4m. It reported 17 employees.