Transportation Administration of Cleveland County Inc

Analysis

Transportation Administration of Cleveland County Inc is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in March 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Transportation Administration of Cleveland County Inc reported income of $2.1m and spending of $1.8m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $2.1m (+54%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transportation Administration of Cleveland County Inc 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 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include The Child Care Center Inc ($2.1m), Faith Christian High School Inc ($2.1m) and Badlands Natural History Association Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $86k (4.7% of expenses). Other salaries and wages came to $786k. At year end it held assets of $1.4m against liabilities of $80k, net assets of $1.4m. It reported 42 employees.