Friends of the Northern Rail Trail

Analysis

Friends of the Northern Rail Trail is a registered charity in United States, based in New London, NH. It received its IRS tax-exemption ruling in December 2005, 21 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 December 2023, Friends of the Northern Rail Trail reported income of $129k and spending of $110k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $129k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 146% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of the Northern Rail Trail sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within NH. Charities of a similar size with the same main cause include Asset Based Community Development Institute ($129k), Onancock Main Street Initiative ($129k) and Huron County Development Council ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.