Project Transitions Inc

Analysis

Project Transitions Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 1988, 38 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 December 2023, Project Transitions Inc reported income of $3.3m and spending of $2.5m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.3m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Transitions Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Girl Scouts of Greater South Texas ($3.3m), Carter Bloodcare Foundation ($3.3m) and Southern Association of Independent Schools ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $116k (4.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $27.6m against liabilities of $24.1m, net assets of $3.5m. It reported 55 employees.