Bangor Area Comprehensive Transportation System

Analysis

Bangor Area Comprehensive Transportation System is a registered charity in United States, based in Brewer, ME. It received its IRS tax-exemption ruling in December 2013, 13 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, Bangor Area Comprehensive Transportation System reported income of $772k and spending of $682k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $475k to $772k (+62%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bangor Area Comprehensive Transportation System sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Old Opera House Theatre Company Inc ($772k), Promise Amimal League ($772k) and Abram Housing Corporation ($772k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $94k (14% of expenses). Other salaries and wages came to $153k. At year end it held assets of $282k against liabilities of $107k, net assets of $175k. It reported 6 employees.