Land Reutilization Corporation of the Capital Region

Analysis

Land Reutilization Corporation of the Capital Region is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in May 2014, 12 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 (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, Land Reutilization Corporation of the Capital Region reported income of $1.4m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.4m (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Land Reutilization Corporation of the Capital Region sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include The Center for Youth and Community Development Inc ($1.4m), Columbia Pacific Economic Development District of Oregon ($1.4m) and The Dakota Manufacturing Extension Partnership Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. At year end it held assets of $2.2m against liabilities of $72k, net assets of $2.1m.