Transformed Communities International Inc

Analysis

Transformed Communities International Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Transformed Communities International Inc reported income of $264k and spending of $270k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $128k to $264k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transformed Communities International Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Renewables Forward Inc ($264k), National Association of Securities Professionals ($264k) and Lucas County Fair Association ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $9,828. At year end it held assets of $62k against liabilities of $0, net assets of $62k.