Aroostook Regional Transportation System Inc

Analysis

Aroostook Regional Transportation System Inc is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in April 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Aroostook Regional Transportation System Inc reported income of $2.4m and spending of $2.3m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.4m (+72%), an average of +14% a year. The sharpest change came in the year to September 2020, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Aroostook Regional Transportation System Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ME. Charities of a similar size with the same main cause include Rochester Area Neighborhood House Inc ($2.4m), Florence Crittenton Services of Greater Washington ($2.4m) and Emergent Works Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.0m against liabilities of $123k, net assets of $3.9m. It reported 36 employees.