Transition House of Tennessee Inc

Analysis

Transition House of Tennessee Inc is a registered charity in United States, based in Saint Cloud, FL. It received its IRS tax-exemption ruling in June 2019, 7 years ago. 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 of Tennessee Inc reported income of $204k and spending of $649k, spending 319% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $300k to $204k (-32%), an average of -9.2% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 222% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transition House of Tennessee Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Wat Florida Dhammaram Inc ($204k), The Healing Connection Residential Treatment Inc ($204k) and St Helena Public Schools Foundation ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $63k (9.7% of expenses). Other salaries and wages came to $314k. At year end it held assets of $659k against liabilities of $2.9m, net assets of -$2.2m. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.