Delray Beach Community Land Trustinc

Analysis

Delray Beach Community Land Trustinc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in November 2006, 20 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 September 2023, Delray Beach Community Land Trustinc reported income of $1.6m and spending of $988k, leaving 37% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $963k to $1.6m (+64%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 44%. Over the whole period it spent 75% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Delray Beach Community Land Trustinc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include U S Brownsville II HDFC ($1.6m), New York Mortgage Coalition Inc ($1.6m) and Rio Concho Manor Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $137k (14% of expenses). Other salaries and wages came to $162k. At year end it held assets of $8.3m against liabilities of $464k, net assets of $7.8m. It reported 4 employees.