Transitional Learning Center at Galveston

Analysis

Transitional Learning Center at Galveston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 1985, 41 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Transitional Learning Center at Galveston reported income of $18.2m and spending of $19.9m, spending 109% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $27.8m to $18.2m (-34%), an average of -10% a year. The sharpest change came in the year to August 2021, when income rose by 100%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Transitional Learning Center at Galveston sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include St Lukes Free Medical Clinic of Spartanburg Inc ($18.2m), Society of Nuclear Medicine and Molecular Imaging ($18.2m) and Tragedy Assistance Program for Survivors ($18.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 2.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $979k (4.9% of expenses). Other salaries and wages came to $10.4m. At year end it held assets of $72.1m against liabilities of $3.8m, net assets of $68.3m. It reported 289 employees.