Amalgamated Transit Union
Amalgamated Transit Union maintains stable finances with consistent asset growth and no reported liabilities.
EIN: 220729440 · Paterson, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $553K |
| Total Expenses | $528K |
| Program Spending | 90% |
| Net Assets | $315K |
| Transparency Score | 92/100 |
Is Amalgamated Transit Union Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amalgamated Transit Union directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Amalgamated Transit Union
Amalgamated Transit Union (EIN: 220729440) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $553K and total assets of $306K 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 (2011–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $526K |
| Total Expenses | $528K |
| Surplus / Deficit | $-1,963 |
| Total Assets | $315K |
| Net Assets | $315K |
| Operating Margin | -0.4% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2024, Amalgamated Transit Union reported a deficit of $2K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Amalgamated Transit Union's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.5% | +2.9% | -0.6% |
| 2023 | +2.7% | +3.5% | +0.0% |
| 2022 | -0.5% | +10.3% | +1.3% |
| 2021 | -2.5% | -8.4% | +20.5% |
| 2020 | -1.9% | +7.1% | +10.6% |
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 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Amalgamated Transit Union allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not classified as officer compensation on the 990, which is highly favorable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Amalgamated Transit Union:
- Consistent asset growth, from $82,337 in 201506 to $314,835 in 202406.
- Zero reported liabilities across all 14 filings, indicating strong financial stability.
- Near break-even or surplus operations in most years, demonstrating sustainable financial management.
- 0% officer compensation reported, suggesting high efficiency in leadership costs.
- Stable revenue streams, consistently around $500,000-$600,000 annually.
Frequently Asked Questions about Amalgamated Transit Union
Is Amalgamated Transit Union a legitimate charity?
Amalgamated Transit Union (EIN: 220729440) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $553K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Amalgamated Transit Union spend its money?
Amalgamated Transit Union directs 90% of its spending to programs and services. Fundraising costs 3%. 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: 220729440). 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 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Amalgamated Transit Union located?
Amalgamated Transit Union is headquartered in Paterson, New Jersey and files with the IRS under EIN 220729440.
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 $553K in total revenue.
Is Amalgamated Transit Union a good charity?
Based on the available financial data, the Amalgamated Transit Union appears to be a well-managed organization. It consistently operates near break-even or with a surplus, has growing assets, and reports no liabilities, all of which are strong indicators of financial health and responsible stewardship.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly over time. Assets have grown from $82,337 in 201506 to $314,835 in 202406, and it has consistently maintained a balanced budget with revenues closely matching or exceeding expenses, demonstrating sustainable operations.
What is the organization's approach to executive compensation?
The Amalgamated Transit Union reports 0% officer compensation in all available filings, suggesting a commitment to minimizing administrative overhead related to executive salaries, which is a positive indicator of efficiency.
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 (2011–2024), Amalgamated Transit Union's revenue has grown by 23.9%, moving from $424K to $526K. Total assets increased by 65.2% over the same period, from $191K to $315K. Total functional expenses rose by 19.4%, from $442K to $528K. In its most recent filing year (2024), Amalgamated Transit Union reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $526K | $528K | $315K | $0 | — | — |
| 2023 | $513K | $513K | $317K | $0 | — | View 990 |
| 2022 | $500K | $495K | $317K | $0 | — | View 990 |
| 2021 | $502K | $449K | $313K | $0 | — | View 990 |
| 2020 | $515K | $490K | $260K | $0 | — | View 990 |
| 2019 | $525K | $458K | $235K | $0 | — | — |
| 2018 | $489K | $489K | $168K | $0 | — | View 990 |
| 2017 | $515K | $490K | $168K | $0 | — | View 990 |
| 2016 | $612K | $551K | $143K | $0 | — | View 990 |
| 2015 | $450K | $475K | $82K | $0 | — | View 990 |
| 2014 | $477K | $469K | $107K | $0 | — | View 990 |
| 2013 | $440K | $494K | $99K | $0 | — | View 990 |
| 2012 | $399K | $437K | $153K | $0 | — | View 990 |
| 2011 | $424K | $442K | $191K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $526K, expenses of $528K, and assets of $315K (revenue +2.5% year-over-year).
- 2023: Revenue of $513K, expenses of $513K, and assets of $317K (revenue +2.7% year-over-year).
- 2022: Revenue of $500K, expenses of $495K, and assets of $317K (revenue -0.5% year-over-year).
- 2021: Revenue of $502K, expenses of $449K, and assets of $313K (revenue -2.5% year-over-year).
- 2020: Revenue of $515K, expenses of $490K, and assets of $260K (revenue -1.9% year-over-year).
- 2019: Revenue of $525K, expenses of $458K, and assets of $235K (revenue +7.3% year-over-year).
- 2018: Revenue of $489K, expenses of $489K, and assets of $168K (revenue -5.0% year-over-year).
- 2017: Revenue of $515K, expenses of $490K, and assets of $168K (revenue -15.9% year-over-year).
- 2016: Revenue of $612K, expenses of $551K, and assets of $143K (revenue +35.8% year-over-year).
- 2015: Revenue of $450K, expenses of $475K, and assets of $82K (revenue -5.5% year-over-year).
- 2014: Revenue of $477K, expenses of $469K, and assets of $107K (revenue +8.5% year-over-year).
- 2013: Revenue of $440K, expenses of $494K, and assets of $99K (revenue +10.1% year-over-year).
- 2012: Revenue of $399K, expenses of $437K, and assets of $153K (revenue -6.0% year-over-year).
- 2011: Revenue of $424K, expenses of $442K, and assets of $191K.
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.