Love and Transformation Institute Inc

Analysis

Love and Transformation Institute Inc is a registered charity in United States, based in Thompsons STN, TN. It received its IRS tax-exemption ruling in May 2019, 7 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 August 2023, Love and Transformation Institute Inc reported income of $269k and spending of $246k, spending 92% of its income. Across the 4 years on record, from August 2020 to August 2023, income fell from $359k to $269k (-25%), an average of -9.2% a year. The sharpest change came in the year to August 2023, when income dropped by 26%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Love and Transformation Institute Inc 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 60th percentile within TN. Charities of a similar size with the same main cause include Caring Children Clothing Children Inc ($269k), Breath of Life Adult Day Service ($269k) and Chelan Senior Center ($269k).

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 $150k (61% of expenses). At year end it held assets of $23k against liabilities of $0, net assets of $23k. It reported 2 employees.