Transylvania Partnership Inc

Analysis

Transylvania Partnership Inc is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in July 1995, 31 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 2024, Transylvania Partnership Inc reported income of $795k and spending of $625k, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $392k to $795k (+103%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 183%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transylvania Partnership Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Chamber of Commerce Foundation Inc ($795k), Teamsters National Pipe Line Training Fund ($796k) and Joint-County Opportunity Benefit Support Fund ($795k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $99k (16% of expenses). Other salaries and wages came to $75k. At year end it held assets of $6.2m against liabilities of $3.7m, net assets of $2.4m. It reported 2 employees.