Transition Inc

Analysis

Transition Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in November 1993, 33 years ago. 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 June 2024, Transition Inc reported income of $998k and spending of $918k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $716k to $998k (+39%), an average of +6.9% a year. The sharpest change came in the year to June 2024, when income rose by 88%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transition Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Helping Hands Medical Mission Inc ($998k), Road Runners Club of America ($998k) and Presbyterian Homes of Charlotte Inc ($998k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $533k. At year end it held assets of $429k against liabilities of $196k, net assets of $233k. It reported 17 employees.