Transforming Generations

Analysis

Transforming Generations is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 2020, 6 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 December 2023, Transforming Generations reported income of $961k and spending of $686k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $342k to $961k (+181%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transforming Generations sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Bigelow Cooperative Day Care Center ($961k), Concordia Council on Aging Inc ($961k) and Elyria 778 Charities Inc ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $92k (13% of expenses). Other salaries and wages came to $333k. At year end it held assets of $504k against liabilities of $15k, net assets of $489k. It reported 15 employees.