Traverse Area Recreation & Transportation Trails Inc

Analysis

Traverse Area Recreation & Transportation Trails Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in January 1990, 36 years ago. 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 September 2023, Traverse Area Recreation & Transportation Trails Inc reported income of $2.0m and spending of $2.2m, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $978k to $2.0m (+102%), an average of +19% a year. The sharpest change came in the year to September 2020, when income rose by 152%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Traverse Area Recreation & Transportation Trails Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Compass Affordable Housing Inc ($2.0m), Malta House Inc ($2.0m) and Independent Colleges & Universities of New Jersey a NJ NP Corp ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $103k (4.7% of expenses). Other salaries and wages came to $786k. At year end it held assets of $8.0m against liabilities of $3.8m, net assets of $4.3m. It reported 21 employees.