Institute for Affordable Transportation Inc

Analysis

Institute for Affordable Transportation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2002, 24 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 December 2023, Institute for Affordable Transportation Inc reported income of $319k and spending of $261k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $319k (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Institute for Affordable Transportation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within IN. Charities of a similar size with the same main cause include Lake Township Fish ($319k), Aubri Brown Club ($319k) and View of Heaven Farm ($319k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $85k (33% of expenses). Other salaries and wages came to $35k. At year end it held assets of $391k against liabilities of $3,132, net assets of $388k. It reported 6 employees.