Belmont Trolley Incorporated

Analysis

Belmont Trolley Incorporated is a registered charity in United States, based in Belmont, NC. It received its IRS tax-exemption ruling in April 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Belmont Trolley Incorporated reported income of $203k and spending of $34k, leaving 83% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $606 to $203k (+33396%), an average of +594% a year. The sharpest change came in the year to December 2020, when income rose by 16418%. Over the whole period it spent 16% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Belmont Trolley Incorporated sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include Maryfest Inc ($203k), Tres Doux Foundation ($203k) and Critica Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $631k against liabilities of $0, net assets of $631k.