Transform Ny Inc

Analysis

Transform Ny Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in June 2022, 4 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, Transform Ny Inc reported income of $589k and spending of $649k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $632k to $589k (-6.8%), an average of -6.8% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transform Ny Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Arizona Developmental Services Inc ($589k), Child Development & Parent Resource Center Inc ($589k) and Young Womens Christian Association of Northwest Louisiana Inc ($589k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $38k (5.8% of expenses). Other salaries and wages came to $98k. At year end it held assets of $22k against liabilities of $43k, net assets of -$21k. It reported 6 employees.