Trails of Purpose

Analysis

Trails of Purpose is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trails of Purpose reported income of $318k and spending of $318k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $236k to $318k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Trails of Purpose sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within VA. Charities of a similar size with the same main cause include Nauvoo Discovery Inc ($318k), Community Energy Fund of Lincoln County ($318k) and Universal Institute for Successful Aging of Carolinas ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $135k. At year end it held assets of $197k against liabilities of $44k, net assets of $153k.