Manhattan and Bronx Surface Transit Operating Authority

Analysis

Manhattan and Bronx Surface Transit Operating Authority is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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 December 2023, Manhattan and Bronx Surface Transit Operating Authority reported income of $737.0m and spending of $1.82bn, spending 247% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $964.1m to $737.0m (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income rose by 73%. Over the whole period it spent 224% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manhattan and Bronx Surface Transit Operating Authority sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Hackensack Meridian Health Medical Group-Specialty Care PC ($720.9m), St Lukes Physician Group Inc ($747.5m) and Mainegeneral Health ($694.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $91.4m (5.0% of expenses). Other salaries and wages came to $767.1m. At year end it held assets of $1.40bn against liabilities of $2.68bn, net assets of -$1.28bn. It reported 8,698 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.