Richland County Land Reutilization Corporation

Analysis

Richland County Land Reutilization Corporation is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in October 2015, 11 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, Richland County Land Reutilization Corporation reported income of $2.9m and spending of $3.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.9m (+73%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 274%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Richland County Land Reutilization Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Friendship Manor ($2.9m), Build Wyco Inc ($2.9m) and Scranton Neigborhood Housing ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $559k against liabilities of $170k, net assets of $389k.

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.