Transition House

Analysis

Transition House is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Transition House reported income of $6.8m and spending of $4.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $6.8m (+102%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Transition House sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Carpenters Shelter Inc ($6.7m), Youville House Inc ($6.8m) and Housing Channel ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $182k (4.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $13.7m against liabilities of $5.2m, net assets of $8.5m. It reported 47 employees.