Friends of the Norwalk River Valley Trail Inc

Analysis

Friends of the Norwalk River Valley Trail Inc is a registered charity in United States, based in Georgetown, CT. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Friends of the Norwalk River Valley Trail Inc reported income of $302k and spending of $267k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $198k to $302k (+53%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 193%. Over the whole period it spent 80% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Friends of the Norwalk River Valley Trail Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include Recraft Creative Reuse Center ($302k), Aspen Center for Environmental Studies Endowment Fund Inc ($302k) and Tahoe Institute for Natural Science ($302k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $83k (31% of expenses). At year end it held assets of $592k against liabilities of $0, net assets of $592k. It reported 1 employees.