Amalgamated Transit Union
Amalgamated Transit Union shows fluctuating assets but consistent operations with no officer compensation.
EIN: 220729420 · Hackensack, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $355K |
| Total Expenses | $302K |
| Program Spending | 80% |
| Net Assets | $30K |
| Transparency Score | 75/100 |
Is Amalgamated Transit Union Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amalgamated Transit Union directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amalgamated Transit Union
Amalgamated Transit Union (EIN: 220729420) is a nonprofit organization based in Hackensack, NJ. The organization reported total revenue of $355K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amalgamated Transit Union's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amalgamated Transit Union is a small nonprofit that has been operating for 86 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $332K |
| Total Expenses | $302K |
| Surplus / Deficit | +$31K |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | 9.2% |
| Months of Reserves | 1.2 months |
Financial Health Grade: A
In 2023, Amalgamated Transit Union reported a surplus of $31K with revenue exceeding expenses, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), Amalgamated Transit Union's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | -1.3% | — |
| 2022 | +11.8% | +7.4% | -116.2% |
| 2021 | -12.0% | -0.7% | -80.5% |
| 2020 | +6.9% | -3.3% | — |
| 2019 | +10.8% | +11.9% | -107.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1940 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Amalgamated Transit Union with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Amalgamated Transit Union allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size and operational scope.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Amalgamated Transit Union's IRS 990 filings:
- Periods of negative assets (e.g., $-599 in 202212, $-635 in 201912) indicate financial vulnerability.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits full efficiency assessment.
Strengths
The following positive indicators were identified for Amalgamated Transit Union:
- Consistent 0% officer compensation across all reported periods, indicating resources are not used for executive pay.
- Consistent filing of IRS 990 forms over 14 periods demonstrates good transparency.
- No reported liabilities across all periods, suggesting sound debt management.
- Positive revenue exceeding expenses in the latest filing (202312) indicates a recent surplus.
Frequently Asked Questions about Amalgamated Transit Union
Is Amalgamated Transit Union a legitimate charity?
Amalgamated Transit Union (EIN: 220729420) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $355K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Amalgamated Transit Union spend its money?
Amalgamated Transit Union directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Amalgamated Transit Union tax-deductible?
Amalgamated Transit Union is registered as a tax-exempt nonprofit (EIN: 220729420). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Amalgamated Transit Union's spending goes to programs?
Amalgamated Transit Union directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Amalgamated Transit Union located?
Amalgamated Transit Union is headquartered in Hackensack, New Jersey and files with the IRS under EIN 220729420.
How many years of IRS 990 filings does Amalgamated Transit Union have?
Amalgamated Transit Union has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $355K in total revenue.
Is Amalgamated Transit Union financially stable?
The organization's financial stability shows variability. While the latest filing (202312) shows a positive net asset position of $30,078, previous years like 202212 and 201912 reported negative assets, indicating periods of financial strain. Long-term stability would benefit from building more consistent reserves.
How does Amalgamated Transit Union spend its money?
Based on the available data, the organization's expenses generally track closely with its revenue. While a detailed breakdown isn't provided, the consistent 0% officer compensation suggests funds are primarily allocated to operational costs and member services. For example, in 202312, expenses were $301,706 against $332,383 in revenue.
What is the trend in Amalgamated Transit Union's assets?
The organization's assets have fluctuated significantly over the years. They reached a high of $59,982 in 201412, dipped to negative values in 201912 and 202212, and recovered to $30,078 in 202312. This indicates an inconsistent pattern in building and maintaining financial reserves.
Filing History
IRS 990 filing history for Amalgamated Transit Union showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Amalgamated Transit Union's revenue has grown by 30.4%, moving from $255K to $332K. Total assets increased by 42.2% over the same period, from $21K to $30K. Total functional expenses rose by 18.6%, from $254K to $302K. In its most recent filing year (2023), Amalgamated Transit Union reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $332K | $302K | $30K | $0 | — | — |
| 2022 | $301K | $306K | $-599 | $0 | — | View 990 |
| 2021 | $269K | $285K | $4K | $0 | — | View 990 |
| 2020 | $306K | $286K | $19K | $0 | — | View 990 |
| 2019 | $286K | $296K | $-635 | $0 | — | — |
| 2018 | $258K | $265K | $9K | $0 | — | View 990 |
| 2017 | $278K | $273K | $15K | $0 | — | View 990 |
| 2016 | $273K | $313K | $10K | $0 | — | View 990 |
| 2015 | $277K | $287K | $50K | $0 | — | View 990 |
| 2014 | $258K | $262K | $60K | $0 | — | View 990 |
| 2013 | $265K | $254K | $64K | $0 | — | View 990 |
| 2012 | $269K | $241K | $53K | $0 | — | View 990 |
| 2011 | $260K | $256K | $25K | $0 | — | View 990 |
| 2010 | $255K | $254K | $21K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $332K, expenses of $302K, and assets of $30K (revenue +10.3% year-over-year).
- 2022: Revenue of $301K, expenses of $306K, and assets of $-599 (revenue +11.8% year-over-year).
- 2021: Revenue of $269K, expenses of $285K, and assets of $4K (revenue -12.0% year-over-year).
- 2020: Revenue of $306K, expenses of $286K, and assets of $19K (revenue +6.9% year-over-year).
- 2019: Revenue of $286K, expenses of $296K, and assets of $-635 (revenue +10.8% year-over-year).
- 2018: Revenue of $258K, expenses of $265K, and assets of $9K (revenue -7.1% year-over-year).
- 2017: Revenue of $278K, expenses of $273K, and assets of $15K (revenue +1.7% year-over-year).
- 2016: Revenue of $273K, expenses of $313K, and assets of $10K (revenue -1.2% year-over-year).
- 2015: Revenue of $277K, expenses of $287K, and assets of $50K (revenue +7.4% year-over-year).
- 2014: Revenue of $258K, expenses of $262K, and assets of $60K (revenue -2.8% year-over-year).
- 2013: Revenue of $265K, expenses of $254K, and assets of $64K (revenue -1.3% year-over-year).
- 2012: Revenue of $269K, expenses of $241K, and assets of $53K (revenue +3.4% year-over-year).
- 2011: Revenue of $260K, expenses of $256K, and assets of $25K (revenue +1.8% year-over-year).
- 2010: Revenue of $255K, expenses of $254K, and assets of $21K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amalgamated Transit Union:
Data Sources and Methodology
This transparency report for Amalgamated Transit Union is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.