Transitional Living of North Central Florida Inc

Analysis

Transitional Living of North Central Florida Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in September 1982, 44 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 September 2023, Transitional Living of North Central Florida Inc reported income of $2.4m and spending of $2.5m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.4m (+14%), an average of +3.3% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transitional Living of North Central Florida Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Amen House Inc ($2.4m), 2-1-1 Big Bend Inc ($2.4m) and Terrafirma Risk Retention Group LLC ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $86k (3.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.9m against liabilities of $154k, net assets of $1.8m. It reported 50 employees.