Transforming Futures Charitable Foundation

Analysis

Transforming Futures Charitable Foundation is a registered charity in United States, based in Ada, MI. 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 December 2023, Transforming Futures Charitable Foundation reported income of $503k and spending of $320k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $79k to $503k (+540%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 176%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transforming Futures Charitable Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Global Foundation for Girls ($503k), Dignity Project ($503k) and Good Shepherd Childrens Home ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $428k against liabilities of $0, net assets of $428k.