Transitcenter Inc
Transitcenter Inc consistently spends more than it earns, relying on substantial assets, with no reported officer compensation.
EIN: 134146467 · New York, NY · NTEE: W40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.8M |
| Total Expenses | $5.9M |
| Program Spending | 90% |
| Net Assets | $69.9M |
| Transparency Score | 85/100 |
Is Transitcenter Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Transitcenter Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Transitcenter Inc
Transitcenter Inc (EIN: 134146467) is a nonprofit organization based in New York, NY, classified under NTEE code W40. The organization reported total revenue of $14.8M and total assets of $72.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Transitcenter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Transitcenter Inc is a large nonprofit that has been operating for 25 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-1,681,310 |
| Total Assets | $71.2M |
| Total Liabilities | $1.3M |
| Net Assets | $69.9M |
| Operating Margin | -39.9% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 145.0 months |
Financial Health Grade: B
In 2023, Transitcenter Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 145.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), Transitcenter Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +208.0% | +3.0% | +4.0% |
| 2022 | -78.8% | +9.8% | -18.0% |
| 2021 | +45.4% | -13.7% | +1.3% |
| 2020 | +41.7% | +1.1% | +4.8% |
| 2019 | -7.1% | +1.9% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Transitcenter Inc with a Mission Score of 85 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, Transitcenter Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Transitcenter Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits were paid to officers, directors, or trustees. This suggests a highly volunteer-driven leadership or that compensation is structured in a way that is not reported as officer compensation on the 990, which is unusual for an organization of its size and asset base.
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 Transitcenter Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, such as in 2023 ($5,895,896 expenses vs. $4,214,586 revenue) and 2022 ($5,724,640 expenses vs. $1,368,479 revenue).
- Unusually low and consistently zero reported officer compensation for an organization with significant assets and expenses, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Transitcenter Inc:
- Very strong asset base, with $72,256,819 in the latest period, providing significant financial stability.
- Zero reported officer compensation across all filings, indicating a high degree of financial transparency and dedication to mission over executive pay.
- Consistent operational history with 11 filings, demonstrating longevity and established presence.
- Low liabilities relative to assets, with $1,294,824 in liabilities against $71,237,732 in assets in 2023, indicating good financial management.
Frequently Asked Questions about Transitcenter Inc
Is Transitcenter Inc a legitimate charity?
Transitcenter Inc (EIN: 134146467) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $14.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Transitcenter Inc spend its money?
Transitcenter Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Transitcenter Inc tax-deductible?
Transitcenter Inc is registered as a tax-exempt nonprofit (EIN: 134146467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Transitcenter Inc's spending goes to programs?
Transitcenter Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Transitcenter Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Transitcenter Inc is above average for NTEE category W40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Transitcenter Inc located?
Transitcenter Inc is headquartered in New York, New York and files with the IRS under EIN 134146467. It is classified under NTEE code W40.
How many years of IRS 990 filings does Transitcenter Inc have?
Transitcenter Inc has 11 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 $14.8M in total revenue.
Is Transitcenter Inc a good charity?
Based on the available data, Transitcenter Inc appears to be a good charity, particularly due to its strong asset base ($72,256,819), consistent program focus, and the notable absence of reported officer compensation, suggesting a high dedication to its mission and efficient use of funds. However, its recent trend of expenses exceeding revenue warrants monitoring.
How does Transitcenter Inc fund its operations given fluctuating revenue?
Transitcenter Inc primarily funds its operations by drawing down on its substantial asset base, which stood at $72,256,819 in the latest period. This is evident in years like 2023 and 2022 where expenses significantly outpaced revenue, indicating reliance on accumulated funds or investment returns from its large asset pool.
What is the long-term financial outlook for Transitcenter Inc?
While Transitcenter Inc possesses a very strong asset base, the consistent trend of expenses exceeding revenue in recent years (e.g., $5.8M expenses vs. $4.2M revenue in 2023) suggests a reliance on these assets. If this trend continues without a significant increase in sustainable revenue streams, it could gradually erode the asset base, potentially impacting long-term financial stability, though the current asset level provides a substantial buffer.
Filing History
IRS 990 filing history for Transitcenter Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Transitcenter Inc's revenue has declined by 86.5%, moving from $31.2M to $4.2M. Total assets decreased by 17.3% over the same period, from $86.1M to $71.2M. Total functional expenses fell by 69%, from $19.0M to $5.9M. In its most recent filing year (2023), Transitcenter Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $71.2M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $69.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $5.9M | $71.2M | $1.3M | — | — |
| 2022 | $1.4M | $5.7M | $68.5M | $2.0M | — | View 990 |
| 2021 | $6.5M | $5.2M | $83.6M | $628K | — | View 990 |
| 2020 | $4.4M | $6.0M | $82.5M | $635K | — | View 990 |
| 2019 | $3.1M | $6.0M | $78.8M | $744K | — | View 990 |
| 2016 | $3.4M | $5.9M | $74.7M | $300K | — | View 990 |
| 2015 | $2.9M | $3.1M | $74.8M | $216K | — | View 990 |
| 2014 | $3.5M | $2.1M | $78.0M | $189K | — | View 990 |
| 2013 | $1.6M | $1.1M | $74.9M | $67K | — | View 990 |
| 2012 | $35.6M | $1.3M | $64.2M | $85K | — | View 990 |
| 2011 | $31.2M | $19.0M | $86.1M | $58.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $5.9M, and assets of $71.2M (revenue +208.0% year-over-year).
- 2022: Revenue of $1.4M, expenses of $5.7M, and assets of $68.5M (revenue -78.8% year-over-year).
- 2021: Revenue of $6.5M, expenses of $5.2M, and assets of $83.6M (revenue +45.4% year-over-year).
- 2020: Revenue of $4.4M, expenses of $6.0M, and assets of $82.5M (revenue +41.7% year-over-year).
- 2019: Revenue of $3.1M, expenses of $6.0M, and assets of $78.8M (revenue -7.1% year-over-year).
- 2016: Revenue of $3.4M, expenses of $5.9M, and assets of $74.7M (revenue +17.2% year-over-year).
- 2015: Revenue of $2.9M, expenses of $3.1M, and assets of $74.8M (revenue -17.2% year-over-year).
- 2014: Revenue of $3.5M, expenses of $2.1M, and assets of $78.0M (revenue +114.4% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.1M, and assets of $74.9M (revenue -95.4% year-over-year).
- 2012: Revenue of $35.6M, expenses of $1.3M, and assets of $64.2M (revenue +14.2% year-over-year).
- 2011: Revenue of $31.2M, expenses of $19.0M, and assets of $86.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Transitcenter Inc:
Data Sources and Methodology
This transparency report for Transitcenter Inc 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.