NYC School Bus Umbrella Services

Analysis

NYC School Bus Umbrella Services is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, NYC School Bus Umbrella Services reported income of $174.4m and spending of $177.7m, spending 102% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $6.0m to $174.4m (+2796%), an average of +438% a year. The sharpest change came in the year to June 2022, when income rose by 2188%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NYC School Bus Umbrella Services sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Adventist Health System Texas Inc ($171.2m), Catholic Charities of the Archdiocese of Chicago ($174.9m) and Sharp Coronado Hospital and Healthcare Center ($170.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $429k (0.2% of expenses). Other salaries and wages came to $85.6m. At year end it held assets of $48.7m against liabilities of $38.3m, net assets of $10.4m. It reported 1,925 employees.