Rural Transit Service Inc

Analysis

Rural Transit Service Inc is a registered charity in United States, based in Brant, NY. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 May 2024, Rural Transit Service Inc reported income of $400k and spending of $363k, spending 91% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $347k to $400k (+15%), an average of +3.6% a year. The sharpest change came in the year to May 2022, when income dropped by 20%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rural Transit Service Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Charleston Electrical Training Alliance ($400k), Friends of the Finland Community ($400k) and Alliance 98 ($399k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $159k. At year end it held assets of $167k against liabilities of $77k, net assets of $90k.