Transformation Project Inc

Analysis

Transformation Project Inc is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in August 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 June 2023, Transformation Project Inc reported income of $608k and spending of $303k, leaving 50% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $99k to $608k (+515%), an average of +515% a year. The sharpest change came in the year to June 2023, when income rose by 515%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transformation Project Inc 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 73rd percentile, and in the 73rd percentile within SD. Charities of a similar size with the same main cause include Compass House Inc ($608k), Harlem Independent Living Center Inc ($608k) and South Florida Hunger Coalition ($608k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $29k (9.7% of expenses). Other salaries and wages came to $80k. At year end it held assets of $371k against liabilities of $9,756, net assets of $361k. It reported 3 employees.