Transformca

Analysis

Transformca is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2002, 24 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 December 2023, Transformca reported income of $2.2m and spending of $2.9m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $2.2m (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transformca sits at the 86th 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 87th percentile within CA. Charities of a similar size with the same main cause include Lapeer Team Work Inc ($2.2m), South Bay Vocational Center Incorporated ($2.2m) and Disability Planning Organization of Kansas Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $153k (5.3% of expenses). Other salaries and wages came to $1.4m. It paid $4,386 in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $1.4m, net assets of $1.3m. It reported 24 employees.