Foundation for Regional Transit

Analysis

Foundation for Regional Transit is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. 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, Foundation for Regional Transit reported income of $281k and spending of $208k, leaving 26% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $271k to $281k (+3.9%), an average of +1.9% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Regional Transit sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($281k), Lakota Tomahawks Youth Football Association Inc ($281k) and Montclair Community Play Center ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $90k (43% of expenses). Other salaries and wages came to $22k. At year end it held assets of $243k against liabilities of $6,242, net assets of $237k. It reported 1 employees.