Paratransit Inc

Analysis

Paratransit Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in December 1978, 48 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, Paratransit Inc reported income of $11.5m and spending of $12.7m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.3m to $11.5m (-56%), an average of -19% a year. The sharpest change came in the year to June 2021, when income dropped by 48%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paratransit Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Tomche Shabbos of Rockland County ($11.5m), Friends Life Care ($11.5m) and The Scan Foundation ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $751k (5.9% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $10.9m against liabilities of $3.5m, net assets of $7.4m. It reported 143 employees.