Friends of Transit

Analysis

Friends of Transit is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Transit reported income of $110k and spending of $194k, spending 176% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $110k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Transit sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within AZ. Charities of a similar size with the same main cause include New Age Ballers Inc ($110k), Ned Scholars ($110k) and Blue Diamond Growers Foundation ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.