Greater Lovell Land Trust Inc

Analysis

Greater Lovell Land Trust Inc is a registered charity in United States, based in Lovell, ME. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Greater Lovell Land Trust Inc reported income of $2.0m and spending of $350k, leaving 83% of income unspent that year. Across the 5 years on record, from April 2020 to December 2023, income grew from $646k to $2.0m (+216%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 23% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Greater Lovell Land Trust Inc 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 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Lake Gaston Weed Control Council ($2.0m), 350 Seattle ($2.0m) and Oregon Natural Resources Council Fund ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $191k. At year end it held assets of $9.3m against liabilities of $30k, net assets of $9.3m. It reported 8 employees.