Trip of a Lifetime

Analysis

Trip of a Lifetime is a registered charity in United States, based in Scarsdale, NY. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Trip of a Lifetime reported income of $107k and spending of $103k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $107k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trip of a Lifetime sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Giles County Senior Citizens ($107k), Nnewi USA Inc ($107k) and Willamette Lutheran Foundation ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $443k against liabilities of $0, net assets of $443k.