Positive Tracks Inc

Analysis

Positive Tracks Inc is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Positive Tracks Inc reported income of $2.0m and spending of $1.2m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 107%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Positive Tracks Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NH. Charities of a similar size with the same main cause include Sandsar Inc ($2.0m), The Meg and Bennett Goodman Family Foundation ($2.0m) and Nashville Predators Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $159k (14% of expenses). Other salaries and wages came to $515k. At year end it held assets of $1.7m against liabilities of $195k, net assets of $1.5m. It reported 9 employees.