Discovery Trail

Analysis

Discovery Trail is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Discovery Trail reported income of $304k and spending of $307k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $304k (-72%), an average of -27% a year. The sharpest change came in the year to June 2020, when income dropped by 64%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Discovery Trail sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include American Affairs Foundation Inc ($304k), Michigan Community Media Inc ($304k) and Pueblo Symphony Association ($304k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $56k (18% of expenses). At year end it held assets of $1.5m against liabilities of $88k, net assets of $1.4m. It reported 2 employees.