Transformative Culture Project Inc

Analysis

Transformative Culture Project Inc is a registered charity in United States, based in Uphams Corner, MA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Transformative Culture Project Inc reported income of $193k and spending of $139k, leaving 28% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income fell from $434k to $193k (-56%), an average of -15% a year. The sharpest change came in the year to June 2019, when income rose by 661%. Over the whole period it spent 37% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transformative Culture Project Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Dakota Prairie Regional Center for the Arts ($193k), City of Bridges Foundation ($193k) and Fenimore Chamber Orchestra Inc ($193k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $56k (41% of expenses). Other salaries and wages came to $34k. At year end it held assets of $110k against liabilities of $86k, net assets of $23k. It reported 17 employees.