Friends of the Legacy Trail Inc

Analysis

Friends of the Legacy Trail Inc is a registered charity in United States, based in Osprey, FL. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 September 2023, Friends of the Legacy Trail Inc reported income of $268k and spending of $135k, leaving 50% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $130k to $268k (+107%), an average of +107% a year. The sharpest change came in the year to September 2023, when income rose by 107%. Over the whole period it spent 112% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of the Legacy Trail Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Minnesota Schoolgirls Lacrosse Association ($268k), Bob Hayes Invitational Track Meet Inc ($268k) and Bowling Green Parks and Recreation Foundation ($268k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. At year end it held assets of $388k against liabilities of $0, net assets of $388k.