Center for Transforming Lives

Analysis

Center for Transforming Lives is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in March 1983, 43 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 August 2023, Center for Transforming Lives reported income of $25.6m and spending of $17.8m, leaving 30% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $8.5m to $25.6m (+202%), an average of +32% a year. The sharpest change came in the year to August 2022, when income rose by 60%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Center for Transforming Lives sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Weld Food Bank ($25.6m), Region IV Area Agency on Aging Inc ($25.6m) and Hospice of the Good Shepherd Inc ($25.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $518k (2.9% of expenses). Other salaries and wages came to $7.3m. It paid $86k in professional fundraising fees. At year end it held assets of $38.2m against liabilities of $19.1m, net assets of $19.1m. It reported 233 employees.