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Washington, D.C. · Nonprofit

NATIONAL LINKS TRUST

NATIONAL LINKS TRUST (Washington, D.C.) receives grants from 54 organizations whose IRS filings report $4,260,738 to it, the largest being CLARK CHARITABLE FOUNDATION INC DBA A JAMES & ALICE B CLARK FOUNDATION ($1,500,000). 29 of them have funded it in more than one year.

Revenue FY2024
$15M
Funders on record
54
Grants received
$4.3M
Net assets
$14M
29/54 repeat funderspeak grant-dependency 10%
01What it does

What National Links Trust does

Mission

National Links Trust is a non-profit organization dedicated to positively impacting our community and changing lives through affordable and accessible municipal golf.

As stated on its FY2024 Form 990.

Program

  1. National Links Trust (nlt) operates three municipal golf courses in washington, dc: east potomac golf links, langston golf course and rock creek park golf. These properties generate revenue through regular golf course operations; however, as part of the organization's mission to provide accessible, affordable golf to local communities, the rates are well below market value. To better serve the community of golfers in washington, dc, nlt invested in course improvement projects including:a. Continued improvement of course conditions through improved agronomic practices.b. Significant planning, consultation, design, and refinement of future plans for large-scale capital improvement projects at the three courses to transform them into true community assets that benefit both golfers and non-golfers in the community.c. Implementation of an adaptive management approach to removing invasive vegetation and the beginning of site work at rock creek park golf ahead of a large-scale capital improvement project at the course.d. Execution of a full restoration and renovation of east potomac miniature golf - the nation's oldest continuously operating miniature golf course.the jack vardaman…

    $10,195,056 spent$10,955,195 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $10,195,056.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20202020 Revenue 100 ($2.6M) Expenses 100 ($1.1M) Net assets 100 ($1.5M)2021 Revenue 413 ($11M) Expenses 555 ($6.4M) Net assets 399 ($5.9M)2022 Revenue 383 ($10M) Expenses 730 ($8.4M) Net assets 510 ($7.6M)2023 Revenue 480 ($13M) Expenses 828 ($9.5M) Net assets 717 ($11M)2024 Revenue 576 ($15M) Expenses 978 ($11M) Net assets 975 ($14M)
20202021202220232024
Revenue (576)Expenses (978)Net assets (975)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $3.9M to $8.9M (+131%).

$3.9M
$8.9M
$12M
$15M
$18M
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

24% of NATIONAL LINKS TRUST’s revenue is contributions — more earned-revenue than three-quarters of its peers (58% for the typical peer).

This organization
Typical peer · 810 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.

$1.5M
’20
$4.4M
’21
$1.7M
’22
$3.1M
’23
$3.8M
’24
9.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Damian Cosby

Executive director

Board chair

Michael Mccartin

Chairman

As listed on its FY2024 Form 990.

The chief executive listed changed between the FY2022 and FY2023 filings.

20202021202220232024
Listed1314162022
Joined·+1+2+5+3
No longer listed·0011
03Who funds it

Who funds it, year by year

2020 → 2023: the base broadened from 7 funders to 22 funders, grant income rose $71k → $395k.

11 of 54 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of NATIONAL LINKS TRUST’s funders (the co-funder graph). Top 30 of 54 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

NATIONAL LINKS TRUST has a broad base — no single funder exceeds 35% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

32% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund NATIONAL LINKS TRUST.

35%
largest funder
56%
top three
~6
effective funders

Largest funder’s share by year: 2020 70% · 2021 37% · 2022 31% · 2023 32% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

57% of NATIONAL LINKS TRUST's funders are still giving 3 years after their first grant; 54% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

NATIONAL LINKS TRUST draws 96% of its grant income from funders outside Washington, D.C., across 16 states in all.

MN
IL
NY
IN
OH
PA
NJ
CT
CO
VA
MD
DE
NC
DC
GA
FL

In-state vs out-of-state, by year

’20
’21
’22
’23
Washington, D.C. out of state home

Funder states come from each funder’s own filing. $682k arriving through sponsors registered in 10 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

NATIONAL LINKS TRUST holds deeper cash reserves than three-quarters of the 772 arts & culture nonprofits its size.

Operating margin25% · above the median
Months of reserve9.5mo · top quartile
Revenue growth (annualized)55% · top quartile

this organization peer median middle 50% of peers· 772 arts & culture nonprofits $10M–$100M, FY2024

Organizations like NATIONAL LINKS TRUST

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Washington, D.C.

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

91% of spending goes to programs.

Program 91%Management 3%Fundraising 6%

Governance

19
board members
84%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990✓Audited financials

Public support

68%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 27 states

NH
IL
WI
MI
NY
OR
PA
NJ
RI
CA
UT
KY
WV
VA
MD
NM
KS
AR
TN
NC
SC
HI
OK
MS
AL
GA
FL

Screen this organization

A dated, signed PDF of the compliance screen for NATIONAL LINKS TRUST: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds NATIONAL LINKS TRUST?
NATIONAL LINKS TRUST (Washington, D.C.) receives grants from 54 organizations whose IRS filings report $4,260,738 to it, the largest being CLARK CHARITABLE FOUNDATION INC DBA A JAMES & ALICE B CLARK FOUNDATION ($1,500,000). 29 of them have funded it in more than one year.
How many funders does NATIONAL LINKS TRUST have?
IRS filings report 54 organizations giving $4,260,738 in grants to NATIONAL LINKS TRUST, 29 of which have funded it in more than one year.
Who is the largest funder of NATIONAL LINKS TRUST?
CLARK CHARITABLE FOUNDATION INC DBA A JAMES & ALICE B CLARK FOUNDATION is the largest funder on record, with $1,500,000 in grants. The full list of funders is on this page.
How can an organization like NATIONAL LINKS TRUST find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds National Links →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 54 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing