Chebeague Transportation Co

Analysis

Chebeague Transportation Co is a registered charity in United States, based in Chebeague Is, ME. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chebeague Transportation Co reported income of $1.8m and spending of $1.5m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chebeague Transportation Co sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include Trans-National Association of Christian Schools ($1.8m), Fargo Hockey Association ($1.8m) and NW Energy Coalition ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $102k (6.7% of expenses). Other salaries and wages came to $623k. At year end it held assets of $2.6m against liabilities of $1.3m, net assets of $1.3m. It reported 42 employees.