Pursuing Transformation Inc

Analysis

Pursuing Transformation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pursuing Transformation Inc reported income of $76k and spending of $70k, spending 93% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $1.1m to $76k (-93%), an average of -93% a year. The sharpest change came in the year to June 2023, when income dropped by 93%. Over the whole period it spent 7.6% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pursuing Transformation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Taylorville Community Club Inc ($76k), Genesis Corporation ($76k) and Sheridan Neighborhood Organization ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $371k, net assets of $1.1m.