Trail of Faith

Analysis

Trail of Faith is a registered charity in United States, based in Valdese, NC. It received its IRS tax-exemption ruling in February 1996, 30 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 December 2022, Trail of Faith reported income of $100k and spending of $113k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $169k to $100k (-41%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Trail of Faith sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within NC. Charities of a similar size with the same main cause include Riverbend Live ($100k), Encore Thrift Emporium ($100k) and Dancers Legacy Foundation ($100k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 5.3% of the total. Other salaries and wages came to $31k. At year end it held assets of $2.1m against liabilities of $148k, net assets of $2.0m. It reported 1 employees.