Transcend International

Analysis

Transcend International is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in February 2023, 3 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, Transcend International reported income of $853k and spending of $675k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.0m to $853k (-17%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 37% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transcend International sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within UT. Charities of a similar size with the same main cause include Growing Patch Learning Center Inc ($853k), SDR & Assoc Inc ($853k) and Lifeline Child & Family Servicesinc ($853k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $139k, net assets of $1.2m.