Transforming Age Foundation

Analysis

Transforming Age Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in December 1993, 33 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Transforming Age Foundation reported income of $660k and spending of $485k, leaving 26% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $527k to $660k (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2023, when income dropped by 30%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transforming Age Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include World Flying Disc Federation ($660k), Southside Organizing Committee Inc ($660k) and Pine Ridge Residence Inc ($660k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $147k. At year end it held assets of $4.4m against liabilities of $1.1m, net assets of $3.3m.