Traction

Analysis

Traction is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. 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, Traction reported income of $117k and spending of $47k, leaving 60% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $116k to $117k (+0.1%), an average of +0.1% a year. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Traction sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 36th percentile within WA. Charities of a similar size with the same main cause include Friends of the Paso Robles Public Library ($117k), Grand Junction Rotary Club Foundation Inc ($117k) and Potomac Area Hostels ($117k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.