Friends of the Thread Trail Lagrange Ga Inc

Analysis

Friends of the Thread Trail Lagrange Ga Inc is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in October 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 June 2023, Friends of the Thread Trail Lagrange Ga Inc reported income of $731k and spending of $200k, leaving 73% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.1m to $731k (-31%), an average of -12% a year. The sharpest change came in the year to June 2023, when income rose by 166%. Over the whole period it spent 49% 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 Thread Trail Lagrange Ga Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Ward County Senior Citizens Center ($731k), Minnesota State High School Coaches Association ($732k) and Pima County Jr Soccer League ($731k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.3m against liabilities of $15k, net assets of $1.3m.