Keweenaw Land Trust Inc

Analysis

Keweenaw Land Trust Inc is a registered charity in United States, based in Hancock, MI. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Keweenaw Land Trust Inc reported income of $662k and spending of $274k, leaving 59% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $438k to $662k (+51%), an average of +8.6% a year. The sharpest change came in the year to December 2020, when income rose by 174%. Over the whole period it spent 32% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Keweenaw Land Trust Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Virginia Interfaith Power & Light ($661k), Stanley F Herman Charitable TR Fbo Kalamazoo Nature Center 5-15-85 ($663k) and Dungeness River Nature Center ($660k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $57k (21% of expenses). Other salaries and wages came to $62k. At year end it held assets of $10.7m against liabilities of $142k, net assets of $10.5m. It reported 5 employees.