Tranzmission Inc

Analysis

Tranzmission Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in December 2022, 4 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 December 2023, Tranzmission Inc reported income of $282k and spending of $200k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $138k to $282k (+103%), an average of +103% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tranzmission Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Homeless Veterans Services of Dallas Inc ($282k), Foster Together ($282k) and Mineral Lake Lions Foundation ($282k).

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 $130k (65% of expenses). At year end it held assets of $117k against liabilities of $0, net assets of $117k. It reported 6 employees.