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Washington, D.C. · Nonprofit

RAILS TO TRAILS CONSERVANCY

RAILS TO TRAILS CONSERVANCY (Washington, D.C.) receives grants from 306 organizations whose IRS filings report $18,464,997 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,460,171). 176 of them have funded it in more than one year.

Revenue FY2025
$13M
Funders on record
306
Grants received
$18M
Net assets
$17M
176/306 repeat funderspeak grant-dependency 22%
01What it does

What Rails to Trails Conservancy does

Mission

The rails-to-trails conservancy is the nations largest trails org. With a grassroots community more than 1 mil. Strong dedicated to building a nation connected by trails, reimagining public spaces to create safe ways for everyone to walk, bike & be active outdoors.

As stated on its FY2025 Form 990.

Programs

  1. Trail development: since its inception, rtc has worked to reimagine public corridors and rights of way for people to walk, bike and be active outside creating vibrant public spaces that engage, inspire and empower communities from coast to coast. This work embodies best practices and leading-edge initiatives to guide trail development in ways that promote community engagement, bring innovation to trail development and planning, and prioritize trail networks and the connections that trails can deliver between people and places.through our trailnation portfolio of projects, rtcs creating national models that showcase the outsized benefits that connected trails and active transportation routes can deliver - locally, regionally and nationally. The portfolio is focused on nine places across the country that are diverse in their geography, culture, size, and scope - southeast wisconsin, the san francisco bay area, the industrial heartland (western pennsylvania, west virginia, ohio and new york state), greater philadelphia, maryland, washington, d.c., miami, northern new jersey and new england. The lessons from trail nation are shared among rtc's trail nation collaborative, a nationwide…

    $4,888,577 spentof which $614,890 as grants$237,028 earned by the program
    46% of program spending
  2. Public information/events: rtc serves as the voice of the trail's movement, speaking out about the transformative power of trails, encouraging their use, and generating demand for trails nationwide. Rtc's flagship initiative, traillink.com served millions of visitors in 2025 providing access to more than 5,300 trails representing 41,000 miles through its website and five-star rated apps. This trail content is also offered in a series of print guidebooks. Through storytelling and direct engagement, rtc shares information about trails across a variety of public channels that collectively reach millions of people, including its magazine, monthly news, social media, website, news media and publications. Rtc also spearheads trail use campaigns and events designed to engage and inspire the public to use trails, including our celebrate trails day event, trail moments campaign and share the trail campaign.

    $3,006,630 spentof which $45,000 as grants$712,982 earned by the program
    28% of program spending
  3. Trail policy: as the nation's foremost advocacy organization for trails and active transportation, rtc seeks to grow and safeguard public funding for trails, walking and bicycling at every level - federal, state and local - ensuring the investments needed to create a transformative 21st century active transportation system in america and promoting policies that make trail building possible. At the federal level, rtc leads efforts to grow and protect the legacy transportation alternatives program (which includes the recreational trails program) - the largest source of funding for trail development and maintenance - and advocates for innovations in public funding including championing the active transportation infrastructure investment program, which establishes competitive grants that will strategically invest in projects that connect trails and active transportation infrastructure. As the country's only national organization solely committed to defending the preservation of former railroad corridors for continued public use, rtc has helped shape the legal framework around rail trails and continues to defend the federal railbanking statute in congress and the courts as an essential…

    $1,928,995 spentof which $77,500 as grants
    18% of program spending
  4. Member programs: in addition to the programs provided through public information and education, rtc also digitizes member and constituent information in alignment with the organization's comprehensive gis database of more than 45,000 miles of trails, creating a centralized resource that assists the organization in identifying opportunities for linking trail systems, and mobilizing grassroots support of trail projects. Other activities include delivery of member benefit and service programs.

    $626,521 spent
    6% of program spending
  5. Research: rtc's research program focuses on creating innovative tools that empower communities to advance trail systems in their cities, towns and regions, while also monitoring the benefits trails bring to communities, the impact trails have on people and places, and the implementation of state and federal programs that provide the funding and resources to build and maintain trails.

    $131,633 spent
    1% of program spending

The 5 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $10,582,356.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 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 = 20172017 Revenue 100 ($9.8M) Expenses 100 ($9.2M) Net assets 100 ($7.3M)2018 Revenue 130 ($13M) Expenses 113 ($10M) Net assets 136 ($9.9M)2019 Revenue 104 ($10M) Expenses 113 ($10M) Net assets 133 ($9.7M)2020 Revenue 106 ($10M) Expenses 118 ($11M) Net assets 130 ($9.5M)2021 Revenue 148 ($15M) Expenses 119 ($11M) Net assets 188 ($14M)2022 Revenue 147 ($15M) Expenses 131 ($12M) Net assets 201 ($15M)2023 Revenue 119 ($12M) Expenses 140 ($13M) Net assets 196 ($14M)2024 Revenue 150 ($15M) Expenses 152 ($14M) Net assets 229 ($17M)2025 Revenue 135 ($13M) Expenses 153 ($14M) Net assets 230 ($17M)
'17'18'19'20'21'22'23'24'25
Revenue (135)Expenses (153)Net assets (230)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 2022 to 2023, from $16M to $20M (+25%).

$8.6M
$11M
$11M
$13M
$15M
$16M
$20M
$23M
$23M
'17'18'19'20'21'22'23'24'25
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.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 6% · 2025 1%. Grants only. Government contracts and fees sit inside program revenue.

87% of RAILS TO TRAILS CONSERVANCY’s revenue is contributions — more donation-reliant than the typical peer (87% for the typical peer).

This organization
Typical peer · 364 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$617k
’17
$2.4M
’18
−$214k
’19
−$425k
’20
$3.6M
’21
$2.4M
’22
−$1.2M
’23
$751k
’24
−$842k
’25
2.1
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.

Board chair

Edward Chang

Chair

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed212326272730282628
Joined·+5+4+4+3+5+1+1+2
No longer listed·31332330
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 61 funders to 116 funders, grant income rose $1.7M → $2.4M.

43 of 306 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 38% 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 RAILS TO TRAILS CONSERVANCY’s funders (the co-funder graph). Top 30 of 306 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

RAILS TO TRAILS CONSERVANCY has a broad base — no single funder exceeds 13% of grant income, and it takes 6 funders to reach half.

the vertical line marks half of all grant income — 6 funders to its left

46% 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 RAILS TO TRAILS CONSERVANCY.

13%
largest funder
35%
top three
~17
effective funders

Largest funder’s share by year: 2017 24% · 2018 20% · 2019 16% · 2020 21% · 2021 23% · 2022 22% · 2023 18% — 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

41% of RAILS TO TRAILS CONSERVANCY's funders are still giving 3 years after their first grant; 58% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

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

RAILS TO TRAILS CONSERVANCY draws 99% of its grant income from funders outside Washington, D.C., across 37 states in all.

ME
VT
NH
WA
MT
MN
IL
WI
MI
NY
MA
WY
SD
IA
IN
OH
PA
NJ
CT
RI
CA
UT
CO
NE
MO
VA
MD
DE
KS
TN
NC
SC
DC
AL
GA
TX
FL

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

’17
’18
’19
’20
’21
’22
’23
Washington, D.C. out of state home

Funder states come from each funder’s own filing. $7.1M arriving through sponsors registered in 19 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

RAILS TO TRAILS CONSERVANCY's funding base is broadening — from 61 funders to 116 as grant income climbed.

Operating margin−6% · bottom quartile
Months of reserve2.1mo · below the median
Revenue growth (annualized)4% · bottom quartile

this organization peer median middle 50% of peers· 210 environment nonprofits $10M–$100M, FY2025

Government funding RAILS TO TRAILS CONSERVANCY receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $160k on record — $116k federal, $44k state.

Federal$116k
grants $0contracts $116k
Top agencies
  • Department of Transportation$116k
State$44k
03
04
05
06
07
08
09
Top programs
  • FEDERAL$44k
  • DIRECT STATE SERVICES - NON-SALARY$180

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like RAILS TO TRAILS CONSERVANCY

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

75% of spending goes to programs.

Program 75%Management 9%Fundraising 17%

Governance

18
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

94%

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

Screen this organization

A dated, signed PDF of the compliance screen for RAILS TO TRAILS CONSERVANCY: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 RAILS TO TRAILS CONSERVANCY?
RAILS TO TRAILS CONSERVANCY (Washington, D.C.) receives grants from 306 organizations whose IRS filings report $18,464,997 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($2,460,171). 176 of them have funded it in more than one year.
How many funders does RAILS TO TRAILS CONSERVANCY have?
IRS filings report 306 organizations giving $18,464,997 in grants to RAILS TO TRAILS CONSERVANCY, 176 of which have funded it in more than one year.
Who is the largest funder of RAILS TO TRAILS CONSERVANCY?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $2,460,171 in grants. The full list of funders is on this page.
How can an organization like RAILS TO TRAILS CONSERVANCY 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.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 306 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