Minot Area Community Land Trust

Analysis

Minot Area Community Land Trust is a registered charity in United States, based in Minot, ND. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minot Area Community Land Trust reported income of $72k and spending of $128k, spending 179% of what it took in. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 221% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minot Area Community Land Trust sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 20th percentile within ND. Charities of a similar size with the same main cause include Taylor Apartments Inc ($71k), Community Apartments Corporation of Wilson County 3 ($72k) and Housing Help by John 3 16 ($71k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.4m against liabilities of $25k, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.