Foundation for the Center for Transforming Lives

Analysis

Foundation for the Center for Transforming Lives is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Foundation for the Center for Transforming Lives reported income of $7.1m and spending of $3.4m, leaving 52% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.5m to $7.1m (+189%), an average of +30% a year. The sharpest change came in the year to August 2022, when income rose by 149%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for the Center for Transforming Lives sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Nonviolence Works Inc ($7.1m), 180 Turning Lives Around Inc ($7.1m) and Northcentral Arkansas Development Council Inc 9th & Oak STS ($7.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.4% of the total. At year end it held assets of $29.3m against liabilities of $0, net assets of $29.3m.