Regional Transit Authority Art

Analysis

Regional Transit Authority Art is a registered charity in United States, based in Spencer, IA. It received its IRS tax-exemption ruling in June 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 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, Regional Transit Authority Art reported income of $3.3m and spending of $3.9m, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.0m to $3.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. 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, Regional Transit Authority Art sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IA. Charities of a similar size with the same main cause include Whitehorse Foundation ($3.3m), Columbus Literacy Council ($3.3m) and Community Action Southold Town Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $125k (3.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.8m against liabilities of $174k, net assets of $6.6m. It reported 79 employees.