Vinalhaven Land Trust Inc

Analysis

Vinalhaven Land Trust Inc is a registered charity in United States, based in Vinalhaven, ME. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Vinalhaven Land Trust Inc reported income of $395k and spending of $348k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $395k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 495%. Over the whole period it spent 43% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Vinalhaven Land Trust Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Southbury Land Trust Inc ($394k), San Gabriel Valley Cactus and Succulent Society ($395k) and Marin Open Space Trust ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $112k. At year end it held assets of $9.1m against liabilities of $5,916, net assets of $9.1m. It reported 7 employees.