Laconia Area Community Land Trust

Analysis

Laconia Area Community Land Trust is a registered charity in United States, based in Laconia, NH. It received its IRS tax-exemption ruling in July 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Laconia Area Community Land Trust reported income of $3.0m and spending of $2.0m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.0m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Laconia Area Community Land Trust sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NH. Charities of a similar size with the same main cause include Oregon Energy Fund ($3.0m), The Missouri Branch of the International Order of the Kings ($3.0m) and Albemarle Housing Improvement Program Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $139k (6.8% of expenses). At year end it held assets of $16.1m against liabilities of $4.1m, net assets of $11.9m. It reported 8 employees.