Southside Community Land Trust

Analysis

Southside Community Land Trust is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Southside Community Land Trust reported income of $3.0m and spending of $2.8m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.0m (+48%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Southside Community Land Trust sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within RI. Charities of a similar size with the same main cause include Rappahannock Community College Educational Foundation Inc ($3.0m), United Way of Essex and West Hudson ($3.0m) and Washington Alliance for Better Schools ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $6.4m against liabilities of $1.4m, net assets of $4.9m. It reported 81 employees.