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Onslow United Transit System Inc

RegisteredEIN 56-2048777Jacksonville, NCPoverty relief
Income$2.2m2024-06
Spending$2.2msame year
Spent / received85%5-year average
Size in its cause84th pctPoverty relief
Exempt since2022Publicly supported organisat
Employees47latest return

Analysis

Onslow United Transit System Inc is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in July 2022, 4 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 2024, Onslow United Transit System Inc reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.2m (+17%), an average of +3.9% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Onslow United Transit System Inc 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 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Foundation for Human Development ($2.2m), Autozoner Assistance Fund Inc ($2.2m) and Compassion Child Care ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 57% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $3.5m against liabilities of $274k, net assets of $3.2m. It reported 47 employees.

Income and spending

$0$587k$1.2m$1.8m$2.3m2020 Income: $1,862,6622020 Spending: $1,654,43820202021 Income: $2,078,0452021 Spending: $1,478,30220212022 Income: $2,349,9732022 Spending: $1,728,92520222023 Income: $2,233,2742023 Spending: $2,024,35520232024 Income: $2,172,8192024 Spending: $2,207,9402024
IncomeSpending

Where the income comes from

  • Contributions & grants 42%
  • Program services 57%
  • Other 0.6%

Similar-sized charities, same cause

CharityLocationIncome
Foundation for Human DevelopmentChicago$2.2m
Autozoner Assistance Fund IncMemphis$2.2m
Compassion Child CareSioux Falls$2.2m
Five Oaks Ag Research and Education Center IncHumphrey$2.2m