The Maggie@walker Community Land Trust

Analysis

The Maggie@walker Community Land Trust is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 2017, 9 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, The Maggie@walker Community Land Trust reported income of $5.8m and spending of $2.7m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $5.8m (+219%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 263%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Maggie@walker Community Land Trust sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include The Light House Inc ($5.8m), Frederick Rescue Mission Inc ($5.8m) and Habitat for Humanity of Coastal Fairfield County Inc ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 1.5% of the total. Other salaries and wages came to $556k. At year end it held assets of $13.1m against liabilities of $739k, net assets of $12.4m. It reported 6 employees.