Chatham Transit Network

Analysis

Chatham Transit Network is a registered charity in United States, based in Pittsboro, NC. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chatham Transit Network reported income of $1.6m and spending of $2.2m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.6m (-29%), an average of -8.1% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chatham Transit Network sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Corp for Relief of Widows & CHLDRN of Clergymen of Prot Epis CH in Ny ($1.6m), Share the Magic Foundation Inc ($1.6m) and Partners in Agriculture Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $72k (3.3% of expenses). Other salaries and wages came to $922k. At year end it held assets of $1.5m against liabilities of $729k, net assets of $807k. It reported 46 employees.