Gadabout Transportation Services Inc

Analysis

Gadabout Transportation Services Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Gadabout Transportation Services Inc reported income of $3.4m and spending of $2.1m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.4m (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gadabout Transportation Services Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include The Bridge Center for Health Education ($3.4m), North Oakland-North Macomb Imaging Inc ($3.4m) and Carolina Pregnancy Care Fellowship ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $93k (4.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.8m against liabilities of $82k, net assets of $4.7m. It reported 49 employees.