Independent Transportation Network

Analysis

Independent Transportation Network is a registered charity in United States, based in Westbrook, ME. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Independent Transportation Network reported income of $106k and spending of $122k, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $300k to $106k (-65%), an average of -64% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Transportation Network sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 32nd percentile within ME. Charities of a similar size with the same main cause include Woods & Water Kids Adventures Inc ($106k), Foundation for Girls ($106k) and Heartfelt Cardiac Connections ($106k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 58% of the total. At year end it held assets of $141k against liabilities of $30k, net assets of $111k.