Russ Bus Inc

Analysis

Russ Bus Inc is a registered charity in United States, based in Russellville, AR. It received its IRS tax-exemption ruling in August 2016, 10 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 December 2023, Russ Bus Inc reported income of $359k and spending of $347k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $230k to $359k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Russ Bus Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within AR. Charities of a similar size with the same main cause include Mt Olive Affordable Housing & DCD Inc ($359k), Crystal Hope Workshop Inc ($359k) and Alongside Families ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $79k. At year end it held assets of $1.3m against liabilities of $573k, net assets of $692k. It reported 5 employees.