Tremont Transport Service Inc

Analysis

Tremont Transport Service Inc is a registered charity in United States, based in Tremont, PA. It received its IRS tax-exemption ruling in September 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tremont Transport Service Inc reported income of $549k and spending of $562k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $549k (+186%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tremont Transport Service Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include USA Swimming Inc ($549k), Center for Eating Disorders ($549k) and Burien Cooperative Education Project ($549k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12k against liabilities of $25k, net assets of -$13k. It reported 27 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.