Careavan Transit System Inc

Analysis

Careavan Transit System Inc is a registered charity in United States, based in Hemet, CA. It received its IRS tax-exemption ruling in April 1996, 30 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 2024, Careavan Transit System Inc reported income of $624k and spending of $616k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $575k to $624k (+8.6%), an average of +1.7% a year. The sharpest change came in the year to June 2024, when income rose by 40%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Careavan Transit System Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Maize Genetics Cooperation Inc ($624k), Koreisha Senior Care & Advocacy ($624k) and Dayspring Christian Academy and Preschool Inc ($624k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $300k. At year end it held assets of $248k against liabilities of $91k, net assets of $156k. It reported 12 employees.