Transformer Inc

Analysis

Transformer Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Transformer Inc reported income of $776k and spending of $777k, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $597k to $776k (+30%), an average of +6.8% a year. The sharpest change came in the year to May 2021, when income dropped by 41%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transformer Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 50th percentile within DC. Charities of a similar size with the same main cause include Penobscot Marine Museum ($776k), Northwest Oklahoma Rural Development Foundation ($776k) and Asia Institute Inc ($776k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $90k (12% of expenses). Other salaries and wages came to $260k. At year end it held assets of $76k against liabilities of $0, net assets of $76k. It reported 8 employees.