Transit Alliance Group Inc

Analysis

Transit Alliance Group Inc is a registered charity in United States, based in Townsend, GA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Transit Alliance Group Inc reported income of $3.8m and spending of $3.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.8m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Transit Alliance Group Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Parkside Child Development Center ($3.8m), Youth Services of Glenview- Northbrook ($3.8m) and Victim Rights Law Center Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (2.3% of expenses). Other salaries and wages came to $125k. At year end it held assets of $2.4m against liabilities of $552k, net assets of $1.9m. It reported 3 employees.