Transformations by Austin Angels

Analysis

Transformations by Austin Angels is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. 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, Transformations by Austin Angels reported income of $315k and spending of $309k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $298k to $315k (+5.7%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transformations by Austin Angels sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within IA. Charities of a similar size with the same main cause include Center for Impact Research ($315k), Blue Coats Inc ($315k) and PTA California Congress of Parents Teachers & Students Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $9,080 (2.9% of expenses). Other salaries and wages came to $173k. At year end it held assets of $157k against liabilities of $4,363, net assets of $153k. It reported 9 employees.