North Fork Area Transit Inc

Analysis

North Fork Area Transit Inc is a registered charity in United States, based in Norfolk, NE. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, North Fork Area Transit Inc reported income of $4.1m and spending of $4.2m, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $496k to $4.1m (+724%), an average of +102% a year. The sharpest change came in the year to June 2022, when income rose by 253%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, North Fork Area Transit Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within NE. Charities of a similar size with the same main cause include Seven Homes Inc ($4.1m), Childrens Bereavement Center of South Texas ($4.1m) and Ysleta Lutheran Mission Human Care ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.4% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $655k against liabilities of $452k, net assets of $203k. It reported 131 employees.