Transformational Education Inc

Analysis

Transformational Education Inc is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Transformational Education Inc reported income of $17.7m and spending of $16.5m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.3m to $17.7m (+33%), an average of +7.4% a year. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Transformational Education Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Rumsey Hall School Incorporated ($17.7m), Nuasin Next Generation Charter ($17.7m) and The Enrollment Management Association Inc ($17.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $453k (2.8% of expenses). Other salaries and wages came to $6.7m. At year end it held assets of $29.9m against liabilities of $17.1m, net assets of $12.8m. It reported 234 employees.