Friends of the Trail

Analysis

Friends of the Trail is a registered charity in United States, based in North Bend, WA. It received its IRS tax-exemption ruling in May 1998, 28 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 February 2024, Friends of the Trail reported income of $268k and spending of $256k, spending 95% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $252k to $268k (+6.7%), an average of +1.6% a year. Over the whole period it spent 96% 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 Trail sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within WA. Charities of a similar size with the same main cause include Educational Foundation of the Nassau/Suffolk Chapter of Nccpap ($268k), Athens County Economic Development Council ($268k) and Equidad Atx Inc ($268k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $116k (45% of expenses). Other salaries and wages came to $75k. At year end it held assets of $296k against liabilities of $10k, net assets of $286k. It reported 4 employees.