Center For Transforming Communities Inc
Only null% goes to programs Strong reserves Declining revenue
Center For Transforming Communities Inc is a 501(c)(3) organization based in Memphis, Tennessee, registered in 2010, with $602,068 in FY2024 revenue. CharityIndex grades it D.
258 N Merton St, Memphis, TN, 38112 EIN 62-1769933 Since 2010
Revenue (FY2024)
$602K
▼ 69.9% vs prior year
Human Services median: $293K
Expenses (FY2024)
$1.3M
Net assets
$1.2M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Center For Transforming Communities Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating11 mo reserves · -113% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Center For Transforming Communities Inc: 11 mo reserves · -113% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Center For Transforming Communities Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Center For Transforming Communities Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 258 N Merton St, Memphis, TN, 38112
- City
- Memphis
- State
- Tennessee
- Category
- Human Services
- Subcategory
- Human Service Organizations
- Website
- …
Financial trends
Revenue declined from $922K (FY2019) to $602K (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3MNet assets $1.2M
Operating margin
-112.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.6M
Total liabilities
$1.3M
Net assets
$1.2M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $602,068▼69.9% | $1,279,796▼29.1% | $1,225,336▼35.6% | $2,564,495▲29.9% | 990 |
| 2023 | $1,997,756▼26.1% | $1,804,885▼13.4% | $1,903,064▲11.3% | $1,973,467▲13.1% | 990 |
| 2022 | $2,701,550▲105% | $2,083,208▲53.9% | $1,710,193▲56.6% | $1,744,740▲56.2% | 990 |
| 2021 | $1,316,119▲21.7% | $1,353,821▲27.0% | $1,091,851▲5.3% | $1,117,101▲6.5% | 990 |
| 2020 | $1,081,110▲17.3% | $1,065,673▲132% | $1,036,963▼2.5% | $1,049,058▼1.4% | 990 |
| 2019 | $921,879 | $458,709 | $1,063,612 | $1,063,612 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.6M total
25 grants to Center For Transforming Communities Inc totaling $3.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| New Venture Fund | Arts, culture, and humanities | 2024 | $310,000 |
| Amalgamated Charitable Foundation Inc | General operating support | 2024 | $100,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $50,000 |
| Tides Center | Equity, human rights, and economic empowerment | 2024 | $17,050 |
| Community Foundation of Greater Memphis Inc | General operational support | 2023 | $58,850 |
| New Venture Fund | Arts, culture, and humanities | 2023 | $30,000 |
| Methodist Lebonheur Healthcare | Mbcc live 2023 sponsorship | 2023 | $1,000 |
| New Venture Fund | Arts, culture, and humanities | 2022 | $900,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2022 | $276,500 |
| Low Income Investment Fund | Capital grant | 2022 | $108,250 |
| Common Counsel Foundation | Project support for leadership development | 2022 | $47,000 |
| Natural Resources Defense Council Inc | Env. advocacy | 2022 | $12,000 |
| Methodist Lebonheur Healthcare | Mbcc live | 2022 | $5,000 |
| Low Income Investment Fund | Sparcc | 2021 | $567,391 |
| Natural Resources Defense Council Inc | Env. advocacy | 2021 | $20,000 |
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Frequently asked questions
- Is Center For Transforming Communities Inc a legitimate nonprofit?
- Yes. Center For Transforming Communities Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-1769933, based in Memphis, Tennessee. Donations are tax-deductible.
- What is Center For Transforming Communities Inc's EIN?
- Center For Transforming Communities Inc's Employer Identification Number (EIN) is 62-1769933.
- How much revenue does Center For Transforming Communities Inc report?
- Center For Transforming Communities Inc reported $602,068 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Center For Transforming Communities Inc have?
- CharityIndex grades Center For Transforming Communities Inc D, based on financial health (reserves and operating margin).
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Data for Center For Transforming Communities Inc (EIN 62-1769933) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.