Temple of Change and Transformation

Analysis

Temple of Change and Transformation is a registered charity in United States, based in Carmel, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Temple of Change and Transformation reported income of $1.1m and spending of $606k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $630k to $1.1m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Temple of Change and Transformation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include High Praises Baptist Church ($1.1m), Global Youth Ministry Inc ($1.1m) and Birchas Yaakov Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $268k (44% of expenses). Other salaries and wages came to $19k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.