Souris Basin Transportation Board

Analysis

Souris Basin Transportation Board is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Souris Basin Transportation Board reported income of $2.4m and spending of $2.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.4m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Souris Basin Transportation Board sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within ND. Charities of a similar size with the same main cause include Vermont Principals Association Inc ($2.4m), Florida Christian Apt Inc ($2.4m) and Wittenberg Manor Inc ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $158k (6.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.5m against liabilities of $224k, net assets of $6.2m. It reported 40 employees.