Climb Transition Services a Non-Profit Corporation

Analysis

Climb Transition Services a Non-Profit Corporation is a registered charity in United States, based in Alhambra, CA. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Climb Transition Services a Non-Profit Corporation reported income of $3.3m and spending of $2.7m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Climb Transition Services a Non-Profit Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Hawaii Hotel Industry Foundation ($3.3m), Latino Business Action Network Inc ($3.3m) and West Central Industries Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $120k (4.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.9m against liabilities of $384k, net assets of $2.5m. It reported 116 employees.