Transformers Foundation Inc

Analysis

Transformers Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Transformers Foundation Inc reported income of $325k and spending of $439k, spending 135% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $221k to $325k (+47%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Transformers Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Chicago Gateway Green Committee ($325k), Upper Delaware Council Inc ($325k) and Iowa Storm Water Education Partnership ($325k).

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 $132k against liabilities of $98k, net assets of $34k.