Texoma Area Paratransit System Inc

Analysis

Texoma Area Paratransit System Inc is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Texoma Area Paratransit System Inc reported income of $3.2m and spending of $3.3m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $3.2m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to September 2020, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Texoma Area Paratransit System Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include The International Assoc of Computer Investigative Specialists Inc ($3.1m), Twin Pines Housing Trust ($3.2m) and Potomac Soccer Association Inc ($3.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. At year end it held assets of $3.7m against liabilities of $1.2m, net assets of $2.4m.