Friends of the Katy Trail Inc

Analysis

Friends of the Katy Trail Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in September 1997, 29 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, Friends of the Katy Trail Inc reported income of $2.7m and spending of $1.5m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.3m to $2.7m (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 85% 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 Katy Trail Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Central Conservation Inc ($2.7m), Botanical Society of America Inc ($2.7m) and Urban Green Council ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Compensation of current officers, directors and key employees was $347k (23% of expenses). Other salaries and wages came to $233k. At year end it held assets of $4.8m against liabilities of $169k, net assets of $4.7m. It reported 9 employees.