Rondo Community Land Trust

Analysis

Rondo Community Land Trust is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in March 1995, 31 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, Rondo Community Land Trust reported income of $9.9m and spending of $2.7m, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $275k to $9.9m (+3500%), an average of +145% a year. The sharpest change came in the year to December 2022, when income rose by 267%. Over the whole period it spent 36% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rondo Community Land Trust sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Society of St Vincent Depaul Council of Louisville ($9.9m), Senior Living Foundation Inc Perimeter 400 Center ($9.9m) and The Boulevard of Chicago Inc ($9.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $116k (4.2% of expenses). Other salaries and wages came to $400k. At year end it held assets of $14.9m against liabilities of $2.5m, net assets of $12.3m. It reported 9 employees.