Transitions Foundation-Nc Inc

Analysis

Transitions Foundation-Nc Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Transitions Foundation-Nc Inc reported income of $79k and spending of $88k, spending 112% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $102k to $79k (-23%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transitions Foundation-Nc Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within NC. Charities of a similar size with the same main cause include Silver Age Yoga Community Outreach Inc ($79k), Sea City Work Camp Inc ($79k) and Loaves & Fishes Community Soup Kitchen of Columbus ($79k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 85% of the total. At year end it held assets of $8,498 against liabilities of $1,794, net assets of $6,704.