River Bend Transit

Analysis

River Bend Transit is a registered charity in United States, based in Davenport, IA. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, River Bend Transit reported income of $5.0m and spending of $5.1m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $5.2m to $5.0m (-5.3%), an average of -1.8% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, River Bend Transit sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within IA. Charities of a similar size with the same main cause include Braxton County Senior Citizen Center Inc ($5.0m), Association of School Business Officials International ($5.0m) and Lifesitenews Com Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $277k (5.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $9.7m against liabilities of $364k, net assets of $9.3m. It reported 124 employees.