Lawrence - Hopewell Trail Corporation

Analysis

Lawrence - Hopewell Trail Corporation is a registered charity in United States, based in Pennington, NJ. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lawrence - Hopewell Trail Corporation reported income of $217k and spending of $176k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $249k to $217k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2022, when income rose by 284%. Over the whole period it spent 59% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lawrence - Hopewell Trail Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Give Me a Chance Foundation ($217k), Cincinnati Curling Club Inc ($217k) and Peaster Youth Association ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Other salaries and wages came to $110k. At year end it held assets of $548k against liabilities of $12k, net assets of $536k. It reported 2 employees.