Transportation Alternatives Inc

Analysis

Transportation Alternatives Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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 March 2023, Transportation Alternatives Inc reported income of $4.4m and spending of $4.4m, spending 100% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $3.9m to $4.4m (+12%), an average of +3.9% a year. The sharpest change came in the year to March 2022, when income rose by 40%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transportation Alternatives Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include James River Day School Inc ($4.4m), Boy Scouts of America ($4.4m) and United States Pan Asian American Chamber of Commerce Education ($4.4m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 91% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $649k (15% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $5.3m against liabilities of $905k, net assets of $4.4m. It reported 68 employees.