Cape Fear Community Land Trust Inc

Analysis

Cape Fear Community Land Trust Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in August 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, Cape Fear Community Land Trust Inc reported income of $106k and spending of $87k, spending 83% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $273k to $106k (-61%), an average of -38% a year. The sharpest change came in the year to June 2022, when income dropped by 52%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cape Fear Community Land Trust Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within NC. Charities of a similar size with the same main cause include Harney Senior Housing Inc ($106k), Homes Now Inc ($106k) and CR Project Inc ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $39k (45% of expenses). Other salaries and wages came to $8,106. At year end it held assets of $412k against liabilities of $145k, net assets of $267k. It reported 2 employees.