Tri-County Busing Inc

Analysis

Tri-County Busing Inc is a registered charity in United States, based in Cadillac, MI. It received its IRS tax-exemption ruling in July 1980, 46 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Tri-County Busing Inc reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $842k to $1.0m (+21%), an average of +4.9% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-County Busing Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include United Way of Grand Forks East Grand Forks and Area Inc ($1.0m), Nami Greater San Antonio ($1.0m) and Boys and Girls Club of Faulkner County Arkansas Inc ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5,200 (0.5% of expenses). Other salaries and wages came to $567k. At year end it held assets of $777k against liabilities of $1,654, net assets of $776k. It reported 29 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.