Transform 1012 N Main Street

Analysis

Transform 1012 N Main Street is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2021, 5 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, Transform 1012 N Main Street reported income of $1.0m and spending of $544k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $781k to $1.0m (+30%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 30% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Transform 1012 N Main Street sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Wisconsin Technology Council Inc ($1.0m), Dress for Success Pittsburgh ($1.0m) and Oak Creek Day Habilitaton Vocational Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $140k (26% of expenses). Other salaries and wages came to $39k. It paid $17k in professional fundraising fees. At year end it held assets of $1.9m against liabilities of $181k, net assets of $1.8m. It reported 4 employees.