Project Transformation Rio Texas

Analysis

Project Transformation Rio Texas is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Project Transformation Rio Texas reported income of $482k and spending of $417k, spending 87% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $533k to $482k (-9.7%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Project Transformation Rio Texas sits at the 67th percentile: it is larger than about 67% 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 Charity League ($482k), Creative Beginnings Child Care Inc ($482k) and Monarch Athletic Association ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $62k (15% of expenses). Other salaries and wages came to $229k. At year end it held assets of $492k against liabilities of $188k, net assets of $304k. It reported 31 employees.