Transforming Lives Through Hope

Analysis

Transforming Lives Through Hope is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Transforming Lives Through Hope reported income of $57k and spending of $47k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $57k (-52%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Transforming Lives Through Hope sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within TX. Charities of a similar size with the same main cause include Praise Nation Worship Center Inc ($57k), Iglesia Corona de Gloria ($57k) and Phu Hau Temple Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $11k, net assets of $0.