Chicago Community Land Trust

Analysis

Chicago Community Land Trust is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Chicago Community Land Trust reported income of $714k and spending of $621k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $271k to $714k (+163%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 1115%. Over the whole period it spent 37% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chicago Community Land Trust sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Gainesville Housing Corporation ($714k), Calvary Refuge Inc ($714k) and Access Foundation Corp ($713k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $167k (27% of expenses). Other salaries and wages came to $54k. At year end it held assets of $3.4m against liabilities of $15k, net assets of $3.4m.