Transit Forward

Analysis

Transit Forward is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 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 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, Transit Forward reported income of $211k and spending of $235k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $211k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Transit Forward sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Blount County Education Foundation ($211k), Little League Baseball Inc ($211k) and Gibson Society Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (70% of expenses). At year end it held assets of $6,724 against liabilities of $0, net assets of $6,724. It reported 1 employees.