Virginia Regional Transit

Analysis

Virginia Regional Transit is a registered charity in United States, based in Purcellville, VA. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Virginia Regional Transit reported income of $13.5m and spending of $10.2m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.4m to $13.5m (+81%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Virginia Regional Transit 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 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Ability Building Center Inc ($13.5m), Grand Central Partnership Inc ($13.5m) and Nueva Esperanza ($13.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $173k (1.7% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $15.8m against liabilities of $1.5m, net assets of $14.3m. It reported 255 employees.