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Transform Finance Inc

EIN 84-2283500 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair60 out of 100GovernanceGood84 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ALIGN CAPITAL WITH SOCIAL JUSTICE VALUES, AND HELP ACTIVISTS AND COMMUNITY LEADERS ACCESS CAPITAL AS A TOOL FOR TRANSFORMATIVE SOCIAL CHANGE. WE EMPOWER COMMUNITY LEADERS TO SHAPE HOW CAPITAL FLOWS AFFECT THEM - BOTH IN TERMS OF HOLDING CAPITAL ACCOUNTABLE AND HAVING A SAY IN ITS DEPLOYMENT - BY DEMYSTIFYING FINANCE AND BUILDING CAPACITY FOR ACTIVISTS AND COMMUNITY LEADERS. WE SUPPORT MEMBERS OF THE COMMUNITY WHO HAVE HISTORICALLY BEEN EXCLUDED FROM CAPITAL DECISIONS TO RECLAIM THEIR SEAT AT THE TABLE. WE SUPPORT INVESTORS COMMITTED TO DEEPENING THEIR IMPACT INVESTMENT PRACTICE TO ADOPT TRANSFORMATIVE APPROACHES AND DEMONSTRATE THE VIABILITY OF THE APPROACH VIA EDUCATION, CONCRETE TOOLS AND STRATEGIES, AND OVERALL GUIDANCE. WE FOSTER A NEW DISCOURSE AND COLLABORATION BETWEEN THESE TWO SETS OF PREVIOUSLY DISCONNECTED STAKEHOLDERS - INVESTORS AND SOCIAL JUSTICE PRACTITIONERS - BY CREATING CONNECTIONS, BREAKING DOWN BARRIERS OF KNOWLEDGE AND VALUES, AND FACILITATING DIALOGUE.

Income
$550,034
Spending
$716,585
Spent on programs
77%
Reserves
1 months of spending
Largest source of income
donations and private grants, 77%
Employees
4
Volunteers
0
Highest pay
$145,518, director/executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 60 out of 100. Higher than 29% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 1.0 months of spending.

  • Debt

    20 of 20

    It owes 10% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 30% of income.

  • Income trend

    15 of 15

    Income rose 38% on the year before.

  • Spending floor

    15 of 15

    77% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 84 out of 100. Higher than 65% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    3 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    0 of 5

    Reports that it does not keep minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $235,210 spent. LED A MAJOR RESEARCH INITIATIVE TO UNDERSTAND THE LANDSCAPE OF ENTERPRISES WITH OWNERSHIP AND GOVERNANCE BY NON-INVESTOR STAKEHOLDERS. INTERVIEWED DOZENS OF INVESTMENT PRACTITIONERS TO UNDERSTAND THE BARRIERS TO FIELDWIDE CAPITAL INVESTMENT. HOSTED A CONVENING OF INVESTORS, LAUNCHED A MAJOR REPORT, DEVELOPED AND DELIVERED A FOLLOW-ON COMMUNICATIONS PLAN THAT INCLUDED ADDITIONAL ARTICLES, PUBLICATIONS, WEBINARS, CONFERENCE PRESENTATIONS,AND SOCIAL MEDIA ENGAGEMENT.
  2. $27,020 spent. DEVELOPED A SET OF RECOMMENDATIONS FOR THE BANKING SECTOR ON HOW TO ENGAGE COMMUNITIES IN THE CREATION AND DEPLOYMENT OF CAPITAL PRODUCTS. RELEASED A REPORT ON THE SUBJECT, SOCIALIZING THE MATERIALS THROUGH INDUSTRY NETWORKS AND PUBLIC PRESENTATIONS.
  3. $186,535 spent. SUPPORTED A MAJOR FOUNDATION'S EVALUATION OF THE EFFECTIVENESS OF INCLUSIVE FINANCE INTERVENTIONS, WITH THE AIM OF ENSURING THAT INVESTMENTS ACHIEVE THEIR MISSION OUTCOMES OF CREATING DIGNIFIED LIVELIHOODS FOR WOMEN AND YOUNG MEN IN AFRICA.
  4. $100,621 spent. CONTINUE TO DEVELOP RESOURCE DATABASE ON WEBSITE, INCLUDING A NEW LEARNING HUB ON ALTERNATIVE OWNERSHIP ENTERPRISES. SUPPORT A VARIETY OF FIELD INITIATIVES BY PARTICIPATING IN WORKING GROUPS, STEERING COMMITTEES, AND BRAIN TRUSTS. PARTICIPATED IN A CIVIL ASSESSMENT ROUNDTABLE FOR WELLS FARGO. HELD INTRODUCTORY CONVERSATIONS WITH OUR AUDIENCE AND STAKEHOLDERS. PRESENTED AT A VARIETY OF CONFERENCES AND OTHER ORGANIZATIONAL EVENTS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.