Brookings Area Transit Authority
EIN: 460420571 · Brookings, SD · NTEE: P520
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $2.0M |
| Net Assets | $2.6M |
Is Brookings Area Transit Authority Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Brookings Area Transit Authority
Brookings Area Transit Authority (EIN: 460420571) is a nonprofit organization based in Brookings, SD, classified under NTEE code P520. The organization reported total revenue of $4.6M and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brookings Area Transit Authority's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brookings Area Transit Authority is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$75K |
| Total Assets | $2.6M |
| Total Liabilities | $94K |
| Net Assets | $2.6M |
| Operating Margin | 3.6% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 16.0 months |
Financial Health Grade: A
In 2023, Brookings Area Transit Authority reported a surplus of $75K with revenue exceeding expenses, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brookings Area Transit Authority's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | +1.8% | +3.1% |
| 2022 | +12.3% | +8.1% | +11.8% |
| 2021 | -16.2% | +5.1% | +6.5% |
| 2020 | +19.5% | -3.6% | +49.4% |
| 2019 | +27.8% | +6.1% | +16.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Brookings Area Transit Authority has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brookings Area Transit Authority with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.5%.
Frequently Asked Questions about Brookings Area Transit Authority
Is Brookings Area Transit Authority a legitimate charity?
Based on AI analysis of IRS 990 filings, Brookings Area Transit Authority (EIN: 460420571) insufficient data. 0 red flags identified, 0 strengths noted.
How does Brookings Area Transit Authority spend its money?
Detailed spending breakdown data is not yet available for Brookings Area Transit Authority. Check back for updated IRS 990 analysis.
Are donations to Brookings Area Transit Authority tax-deductible?
Brookings Area Transit Authority is registered as a tax-exempt nonprofit (EIN: 460420571). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Brookings Area Transit Authority located?
Brookings Area Transit Authority is headquartered in Brookings, South Dakota and files with the IRS under EIN 460420571. It is classified under NTEE code P520.
How many years of IRS 990 filings does Brookings Area Transit Authority have?
Brookings Area Transit Authority has 13 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 $4.6M in total revenue.
Filing History
IRS 990 filing history for Brookings Area Transit Authority showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brookings Area Transit Authority's revenue has grown by 118.9%, moving from $943K to $2.1M. Total assets increased by 181.1% over the same period, from $943K to $2.6M. Total functional expenses rose by 81.1%, from $1.1M to $2.0M. In its most recent filing year (2023), Brookings Area Transit Authority reported a surplus of $75K, with revenue exceeding expenses. The organization holds $94K in liabilities against $2.6M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.0M | $2.6M | $94K | — | — |
| 2022 | $2.2M | $2.0M | $2.6M | $88K | — | View 990 |
| 2021 | $2.0M | $1.8M | $2.3M | $93K | — | View 990 |
| 2020 | $2.4M | $1.7M | $2.2M | $131K | — | View 990 |
| 2019 | $2.0M | $1.8M | $1.4M | $67K | — | View 990 |
| 2018 | $1.6M | $1.7M | $1.2M | $59K | — | View 990 |
| 2017 | $1.7M | $1.6M | $1.4M | $58K | — | View 990 |
| 2016 | $1.8M | $1.4M | $1.3M | $47K | — | View 990 |
| 2015 | $1.5M | $1.4M | $894K | $49K | — | View 990 |
| 2014 | $1.4M | $1.4M | $945K | $67K | — | View 990 |
| 2013 | $1.1M | $1.1M | $954K | $66K | — | View 990 |
| 2012 | $1.0M | $1.1M | $881K | $52K | — | View 990 |
| 2011 | $943K | $1.1M | $943K | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $2.6M (revenue -7.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $2.6M (revenue +12.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.8M, and assets of $2.3M (revenue -16.2% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.7M, and assets of $2.2M (revenue +19.5% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $1.4M (revenue +27.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $1.2M (revenue -6.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $1.4M (revenue -7.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.4M, and assets of $1.3M (revenue +20.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $894K (revenue +5.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $945K (revenue +24.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $954K (revenue +11.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.1M, and assets of $881K (revenue +7.5% year-over-year).
- 2011: Revenue of $943K, expenses of $1.1M, and assets of $943K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brookings Area Transit Authority:
Data Sources and Methodology
This transparency report for Brookings Area Transit Authority 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.