Landmarks Community Capital Corporation

Analysis

Landmarks Community Capital Corporation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Landmarks Community Capital Corporation reported income of $1.3m and spending of $645k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $715k to $1.3m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 44% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Landmarks Community Capital Corporation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Achieve Ability Inc ($1.3m), Northeast South Dakota Economic Corporation ($1.3m) and Delaware County Local Development Corporation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $136k (21% of expenses). Other salaries and wages came to $190k. At year end it held assets of $8.8m against liabilities of $743k, net assets of $8.0m.