Eagles Trace Inc

Analysis

Eagles Trace Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eagles Trace Inc reported income of $55.2m and spending of $56.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.9m to $55.2m (+15%), an average of +3.6% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eagles Trace Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Mercy House Living Centers ($54.6m), Concordia Lutheran Ministries of Pittsburgh ($55.5m) and Eah Inc ($54.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $437k (0.8% of expenses). Other salaries and wages came to $17.8m. At year end it held assets of $245.3m against liabilities of $275.9m, net assets of -$30.6m. It reported 781 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.