Land in Common Inc

Analysis

Land in Common Inc is a registered charity in United States, based in Greene, ME. It received its IRS tax-exemption ruling in April 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Land in Common Inc reported income of $387k and spending of $516k, spending 133% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $147k to $387k (+164%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 206%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Land in Common Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 61st percentile within ME. Charities of a similar size with the same main cause include Precursor Human Capital Development Inc ($387k), Vietnamese Initiatives in Economic Training ($387k) and Flatland Productions Inc ($387k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $63k (12% of expenses). Other salaries and wages came to $76k. At year end it held assets of $1.2m against liabilities of $60k, net assets of $1.2m. It reported 3 employees.