Peoples Transit

Analysis

Peoples Transit is a registered charity in United States, based in Huron, SD. It received its IRS tax-exemption ruling in February 1998, 28 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 September 2023, Peoples Transit reported income of $1.0m and spending of $949k, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.1m to $1.0m (-7.9%), an average of -2.0% a year. The sharpest change came in the year to September 2020, when income dropped by 17%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Peoples Transit sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within SD. Charities of a similar size with the same main cause include Vermont River Conservancy Inc ($1.0m), Schuyler County Child Care Coordinating Council ($1.0m) and Aarons Acres ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $65k (6.8% of expenses). Other salaries and wages came to $432k. At year end it held assets of $1.6m against liabilities of $50k, net assets of $1.6m. It reported 22 employees.