Texas Lakes Trail

Analysis

Texas Lakes Trail is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in October 2004, 22 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 August 2023, Texas Lakes Trail reported income of $93k and spending of $114k, spending 122% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $89k to $93k (+5.0%), an average of +5.0% a year. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Lakes Trail sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Pennwriters Inc ($93k), Minnesota Gerontological Society ($93k) and Society of Animal Artists Inc ($93k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 7.6% of the total. At year end it held assets of $40k against liabilities of $56, net assets of $40k.