Transition Projects Inc

Analysis

Transition Projects Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 1972, 54 years ago. 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 June 2023, Transition Projects Inc reported income of $31.8m and spending of $32.6m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.1m to $31.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transition Projects Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Catholic Health System Infusion Pharmacy Inc ($31.8m), Metropolitan Public Defender Service Inc ($31.8m) and Lifehouse Inc ($31.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $394k (1.2% of expenses). Other salaries and wages came to $15.2m. At year end it held assets of $15.0m against liabilities of $6.3m, net assets of $8.7m. It reported 515 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.