Manhattan and Bronx Surface Transit Operating Authority
2 Broadway 15th Fl Rm a1556, New York, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $289,557,484 | $1,609,565,353 | -$1,556,334,425 |
| FY2024 | $736,105,241 | $1,730,569,938 | -$1,094,817,614 |
| FY2023 | $736,953,371 | $1,819,870,926 | -$1,276,398,382 |
| FY2022 | $830,723,073 | $1,594,979,334 | -$764,276,739 |
| FY2021 | $479,993,180 | $1,583,553,493 | -$1,352,356,259 |
| FY2020 | $558,511,422 | $1,464,961,478 | -$1,376,166,667 |
| FY2019 | $964,112,109 | $1,545,378,301 | -$673,476,304 |
| FY2018 | $954,963,940 | $1,551,184,238 | -$2,618,825,803 |
| FY2017 | $972,380,639 | $1,680,679,308 | -$3,571,855,241 |
| FY2016 | $1,039,602,932 | $1,732,772,830 | -$1,624,281,456 |
| FY2015 | $978,873,805 | $1,597,808,786 | -$909,622,014 |
| FY2014 | $1,160,373,522 | $1,637,663,350 | -$737,525,047 |
| FY2013 | $1,151,303,231 | $1,530,087,341 | -$653,345,161 |
| FY2012 | $959,447,706 | $1,367,951,110 | -$457,247,514 |
Form 990 filings
The returns filed by Manhattan and Bronx Surface Transit Operating Authority (EIN 13-1961750), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $289,557,484 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $1,201,741,579 | 75% |
| Management & general | $407,823,774 | 25% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2025.
- Program services accounted for 75% of functional expenses, management & general 25%, and fundraising 0%.
- 75% of functional expenses went to program services in FY2025.
- Net assets covered about -11.6 months of expenses at the end of the reporting year.
- Total revenue fell from $959,447,706 in FY2012 to $289,557,484 in FY2025. Revenue increased in 5 and decreased in 8 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 14 of 14 reported years (FY2012, FY2013, FY2014, FY2015, FY2016, FY2017, FY2018, FY2019, FY2020, FY2021, FY2022, FY2023, FY2024, FY2025).
- The highest revenue on record here is $1,160,373,522 in FY2014.
- Net assets declined from -$457,247,514 to -$1,556,334,425 between FY2012 and FY2025.
- Contributions and grants made up 62% of revenue in FY2012 and 0% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
Provide Public Transporation in New York City boroughs of Manhattan and the Bronx
IRS status
| Ruling year | 1983 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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