Lafayette Trail

Analysis

Lafayette Trail is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Lafayette Trail reported income of $113k and spending of $139k, spending 123% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $114k to $113k (-1.4%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lafayette Trail sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include South Hudson Music Project ($113k), Adirondack Carousel Inc ($113k) and Wat Buddharam of North Carolina ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (51% of expenses). At year end it held assets of $105k against liabilities of $2,689, net assets of $103k. It reported 1 employees.