Downeast Transportation Inc

Analysis

Downeast Transportation Inc is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in October 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2023, Downeast Transportation Inc reported income of $5.2m and spending of $5.1m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.1m to $5.2m (-36%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 55%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downeast Transportation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within ME. Charities of a similar size with the same main cause include Community Action Council of Portage ($5.2m), Willowood Developmental Center Inc ($5.2m) and Young Mens Christian Association of Trenton ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $9.9m against liabilities of $501k, net assets of $9.4m. It reported 105 employees.