Project Transformation North Texas

Analysis

Project Transformation North Texas is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 August 2023, Project Transformation North Texas reported income of $1.4m and spending of $1.7m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.6m to $1.4m (-15%), an average of -3.9% a year. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Project Transformation North Texas 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 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Colorado High School Cycling League ($1.4m), Parker County Livestock Improvement Assoc Inc ($1.4m) and Boys & Girls Club of Lawrence County Incorporated ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $120k (7.2% of expenses). Other salaries and wages came to $882k. At year end it held assets of $857k against liabilities of $343k, net assets of $514k. It reported 105 employees.