Advance Transit Inc

Analysis

Advance Transit Inc is a registered charity in United States, based in Wilder, VT. It received its IRS tax-exemption ruling in February 1985, 41 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 June 2023, Advance Transit Inc reported income of $8.7m and spending of $7.2m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.4m to $8.7m (+35%), an average of +10% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advance Transit Inc sits at the 95th percentile: it is larger than about 95% 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 North Delta Planning & Development District Inc ($8.7m), Community Care Connections Inc ($8.7m) and Catholic Social Services ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $211k (2.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $18.7m against liabilities of $358k, net assets of $18.3m. It reported 71 employees.