Transformation Waco

Analysis

Transformation Waco is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Transformation Waco reported income of $493k and spending of $436k, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $237k to $493k (+108%), an average of +20% a year. The sharpest change came in the year to August 2022, when income rose by 95%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Transformation Waco sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Multinational Memphis ($493k), Lakeshore First Robotics Programs ($493k) and Fiddlehead Montessori School ($493k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (32% of expenses). Other salaries and wages came to $68k. At year end it held assets of $78k against liabilities of $0, net assets of $78k. It reported 7 employees.