Grand Forks Community Land Trust

Analysis

Grand Forks Community Land Trust is a registered charity in United States, based in Grand Forks, ND. It received its IRS tax-exemption ruling in June 2011, 15 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 December 2023, Grand Forks Community Land Trust reported income of $278k and spending of $229k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $278k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grand Forks Community Land Trust sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 54th percentile within ND. Charities of a similar size with the same main cause include Jewish Community Housing Inc ($278k), Nehemiah Sober Living Inc ($278k) and Stevens Senior Housing of Ludlow Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $90k (39% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.2m against liabilities of $860k, net assets of $368k. It reported 2 employees.