Clare County Transit Corporation

Analysis

Clare County Transit Corporation is a registered charity in United States, based in Harrison, MI. It received its IRS tax-exemption ruling in March 1984, 42 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 September 2023, Clare County Transit Corporation reported income of $2.1m and spending of $2.2m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.1m to $2.1m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to September 2020, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clare County Transit Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Adams County Mental Health and Retardation Association Inc ($2.1m), Greene County Fish Pantry ($2.1m) and Good Acre ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $92k (4.1% of expenses). Other salaries and wages came to $773k. At year end it held assets of $6.1m against liabilities of $270k, net assets of $5.8m. It reported 33 employees.