Community Land Trust of Palm Beach County

Analysis

Community Land Trust of Palm Beach County is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in March 2007, 19 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 September 2023, Community Land Trust of Palm Beach County reported income of $471k and spending of $872k, spending 185% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $565k to $471k (-17%), an average of -4.4% a year. The sharpest change came in the year to September 2021, when income dropped by 111%. Over the whole period it spent 176% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Land Trust of Palm Beach County sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include National Church Residences ($471k), West End Associates Inc ($471k) and Ehc Cornerstone Inc ($471k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 51% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $111k (13% of expenses). Other salaries and wages came to $92k. At year end it held assets of $8.7m against liabilities of $9.6m, net assets of -$867k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.