Chautauqua County Land Bank Corporation

Analysis

Chautauqua County Land Bank Corporation is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in January 2014, 12 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, Chautauqua County Land Bank Corporation reported income of $661k and spending of $347k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $157k to $661k (+322%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 251%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chautauqua County Land Bank Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Telacu Housing-Pomona II Inc ($661k), DGN II Inc ($661k) and Rebuilding Together--Fox Valley Inc ($661k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. Compensation of current officers, directors and key employees was $78k (22% of expenses). Other salaries and wages came to $121k. At year end it held assets of $1.6m against liabilities of $103k, net assets of $1.5m. It reported 5 employees.