Transformative Development Corporation

Analysis

Transformative Development Corporation is a registered charity in United States, based in Holly Springs, MS. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Transformative Development Corporation reported income of $275k and spending of $340k, spending 124% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $284k to $275k (-3.4%), an average of -0.7% a year. The sharpest change came in the year to December 2019, when income rose by 75%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transformative Development Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MS. Charities of a similar size with the same main cause include Reach Shirati ($274k), Stone Soup ($275k) and Nextstep Ministires ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $61k (18% of expenses). Other salaries and wages came to $80k. At year end it held assets of $301k against liabilities of $2,290, net assets of $299k. It reported 12 employees.