Central Area Rural Transit System Inc

Analysis

Central Area Rural Transit System Inc is a registered charity in United States, based in Soldotna, AK. It received its IRS tax-exemption ruling in May 2000, 26 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 June 2023, Central Area Rural Transit System Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Area Rural Transit System Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AK. Charities of a similar size with the same main cause include Commit Foundation ($1.3m), This Old Horse Inc ($1.3m) and Metcalfe Park Community Bridges Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $118k (10% of expenses). Other salaries and wages came to $268k. At year end it held assets of $450k against liabilities of $181k, net assets of $269k. It reported 21 employees.