Loon Echo Land Trust Inc

Analysis

Loon Echo Land Trust Inc is a registered charity in United States, based in Bridgton, ME. It received its IRS tax-exemption ruling in January 1990, 36 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, Loon Echo Land Trust Inc reported income of $1.9m and spending of $1.5m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $1.9m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 59% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Loon Echo 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 84th percentile within ME. Charities of a similar size with the same main cause include Mobile Baykeeper Inc ($1.9m), Land Between the Lakes Association ($1.9m) and Patuxent Tidewater Land TR ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $77k (5.1% of expenses). Other salaries and wages came to $268k. At year end it held assets of $10.6m against liabilities of $200k, net assets of $10.4m. It reported 18 employees.