Transport Group Inc

Analysis

Transport Group Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Transport Group Inc reported income of $923k and spending of $1.0m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $923k (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2020, when income rose by 74%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transport Group Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Murphy Theatre Community Center Inc ($922k), Oikonos-Ecosystem Knowledge ($923k) and The Marsh a Breeding Ground for New Performance ($922k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $176k (17% of expenses). Other salaries and wages came to $293k. At year end it held assets of $343k against liabilities of $62k, net assets of $281k. It reported 90 employees.