Center for Transforming Communities Inc

Analysis

Center for Transforming Communities Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Center for Transforming Communities Inc reported income of $1.6m and spending of $2.2m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $922k to $1.6m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Transforming Communities Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Nutrition Plus Inc ($1.6m), Four Seasons Compassion for Life Foundation ($1.6m) and Kendall County Womens Shelter ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $95k (4.3% of expenses). Other salaries and wages came to $742k. At year end it held assets of $1.2m against liabilities of $68k, net assets of $1.1m. It reported 19 employees.