Colorado Valley Transit Inc

Analysis

Colorado Valley Transit Inc is a registered charity in United States, based in Columbus, TX. It received its IRS tax-exemption ruling in January 1987, 39 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 August 2023, Colorado Valley Transit Inc reported income of $2.1m and spending of $2.5m, spending 123% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income grew from $1.8m to $2.1m (+16%), an average of +4.9% a year. The sharpest change came in the year to August 2020, when income rose by 38%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Valley Transit Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Oceana County Council on Aging ($2.1m), A Well-Fed World ($2.1m) and Hope Womens Center Inc ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.4m against liabilities of $143k, net assets of $1.2m. It reported 30 employees.