Mainspring Conservation Trust Inc

Analysis

Mainspring Conservation Trust Inc is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in August 1999, 27 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 December 2023, Mainspring Conservation Trust Inc reported income of $3.3m and spending of $2.3m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $3.3m (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 213%. Over the whole period it spent 70% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Mainspring Conservation Trust Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Wood River Land Trust Company ($3.3m), Sequoia Parks Conservancy ($3.3m) and West Virginia Land Trust Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $102k (4.4% of expenses). Other salaries and wages came to $554k. At year end it held assets of $18.4m against liabilities of $1.4m, net assets of $16.9m. It reported 18 employees.