Rural Transit Enterprises Coordinated Incorporation

Analysis

Rural Transit Enterprises Coordinated Incorporation is a registered charity in United States, based in Mount Vernon, KY. It received its IRS tax-exemption ruling in April 1990, 36 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, Rural Transit Enterprises Coordinated Incorporation reported income of $22.7m and spending of $19.7m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $15.0m to $22.7m (+52%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rural Transit Enterprises Coordinated Incorporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Little Friends Inc ($22.7m), Child Care Resource and Referral Inc ($22.7m) and Covenant Home ($22.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $230k (1.2% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $23.6m against liabilities of $1.4m, net assets of $22.2m. It reported 207 employees.