Elizabeth River Trail Foundation

Analysis

Elizabeth River Trail Foundation is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Elizabeth River Trail Foundation reported income of $299k and spending of $252k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $299k (-75%), an average of -30% a year. The sharpest change came in the year to June 2023, when income rose by 169%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Elizabeth River Trail Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Junior League of Beaumont Texas ($299k), Taylorville Main Street Inc ($299k) and Martin County Alliance for Economic Growth ($299k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $119k. At year end it held assets of $2.2m against liabilities of $6,979, net assets of $2.2m. It reported 2 employees.