Tri-Valley Transit Inc

Analysis

Tri-Valley Transit Inc is a registered charity in United States, based in Middlebury, VT. It received its IRS tax-exemption ruling in August 1993, 33 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, Tri-Valley Transit Inc reported income of $8.0m and spending of $7.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $8.0m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-Valley Transit Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within VT. Charities of a similar size with the same main cause include Bergen Family Center Inc ($8.0m), Choice Housing Opportunites for Intergenerational and Communit ($8.0m) and Lifebridge Community Services Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $171k (2.2% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $11.1m against liabilities of $562k, net assets of $10.5m. It reported 70 employees.