Ashtabula County Land Reutilization Corporation

Analysis

Ashtabula County Land Reutilization Corporation is a registered charity in United States, based in Jefferson, OH. It received its IRS tax-exemption ruling in May 2020, 6 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, Ashtabula County Land Reutilization Corporation reported income of $789k and spending of $402k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $951k to $789k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2023, when income rose by 117%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ashtabula County Land Reutilization Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Hope Thru Soap Inc ($789k), Washington County Council on Economic Development ($790k) and Loop Lab Inc ($789k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 13% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.