Tompkins Consolidated Area Transit Inc

Analysis

Tompkins Consolidated Area Transit Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Tompkins Consolidated Area Transit Inc reported income of $21.1m and spending of $20.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.5m to $21.1m (-10%), an average of -2.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tompkins Consolidated Area Transit Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Kuakini Geriatric Care Inc ($21.1m), Feeding Florida Inc ($21.1m) and Applewood Centers Inc ($21.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $347k (1.7% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $41.3m against liabilities of $13.7m, net assets of $27.5m. It reported 172 employees.