Great Lakes Bay Regional Trail

Analysis

Great Lakes Bay Regional Trail is a registered charity in United States, based in Freeland, MI. It received its IRS tax-exemption ruling in March 2001, 25 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, Great Lakes Bay Regional Trail reported income of $57k and spending of $2.2m, spending 3852% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $57k (-74%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 2126%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Great Lakes Bay Regional Trail sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Cass City Area Summer Athletic Program ($57k), Good Times Quarter Midget Racing Assc Inc ($57k) and Dover Baseball Leagues Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% of the total. At year end it held assets of $1.5m against liabilities of $95k, net assets of $1.4m.