Piedmont Community Land Trust

Analysis

Piedmont Community Land Trust is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 2009, 17 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 June 2023, Piedmont Community Land Trust reported income of $596k and spending of $292k, leaving 51% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income fell from $2.0m to $596k (-71%), an average of -46% a year. The sharpest change came in the year to June 2023, when income rose by 499%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Piedmont Community Land Trust sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Ahepa 310-X Inc ($595k), Magdalene Serenity House Inc ($596k) and Fideicomiso Comunitario Tierra Libre ($595k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.5m against liabilities of $355k, net assets of $1.2m.