Transformed by the Word Inc

Analysis

Transformed by the Word Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Transformed by the Word Inc reported income of $360k and spending of $320k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $289k to $360k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transformed by the Word Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include St Edwards Conference of St Vincent de Paul Inc ($360k), Sunset House Inc ($360k) and Shenandoah County Search Incorporated ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Other salaries and wages came to $138k. At year end it held assets of $68k against liabilities of $101k, net assets of -$33k. It reported 2 employees.