Transhealth Inc

Analysis

Transhealth Inc is a registered charity in United States, based in Florence, MA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Transhealth Inc reported income of $6.3m and spending of $6.8m, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $750k to $6.3m (+743%), an average of +104% a year. The sharpest change came in the year to December 2021, when income rose by 487%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Transhealth Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Visiting Nurse Association Health Services ($6.3m), Volunteer Medical Service Corps of Lower Merion & Narberth ($6.3m) and Mercy Hospital Columbus ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $434k (6.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $2.3m against liabilities of $899k, net assets of $1.4m. It reported 47 employees.