Yates Transit Service Inc

Analysis

Yates Transit Service Inc is a registered charity in United States, based in Penn Yan, NY. It received its IRS tax-exemption ruling in July 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yates Transit Service Inc reported income of $727k and spending of $705k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $654k to $727k (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yates Transit Service Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include National Charity League Newport Chapter ($727k), Lake Shore Volunteer Fire Company Inc ($727k) and Hillel the Foundation for Jewish Campus Life ($727k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Other salaries and wages came to $349k. At year end it held assets of $229k against liabilities of $405k, net assets of -$176k. It reported 22 employees.