Transit Books

Analysis

Transit Books is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Books reported income of $850k and spending of $665k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $220k to $850k (+285%), an average of +96% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transit Books sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Keen Theater Company Inc ($850k), Growing Stage Theatre for Young Audiences Inc ($850k) and Maritime Rhode Island Inc ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $36k (5.4% of expenses). Other salaries and wages came to $50k. At year end it held assets of $585k against liabilities of $203k, net assets of $382k. It reported 1 employees.