Center for Community Transitions

Analysis

Center for Community Transitions is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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 2024, Center for Community Transitions reported income of $1.9m and spending of $2.3m, spending 122% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $1.9m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Community Transitions sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Immschools ($1.9m), Our Fathers House Soup Kitchen Inc ($1.9m) and Girls Inc of Greater Philadelphia & Southern New Jersey ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $132k (5.8% of expenses). Other salaries and wages came to $974k. At year end it held assets of $2.9m against liabilities of $753k, net assets of $2.2m. It reported 38 employees.