Durham Community Land Trustees Inc

Analysis

Durham Community Land Trustees Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 1979, 47 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 June 2023, Durham Community Land Trustees Inc reported income of $3.1m and spending of $2.4m, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $3.1m (+36%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 27%. 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, Durham Community Land Trustees Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Affordable Housing Program Inc ($3.1m), Habitat for Humanity International Inc ($3.1m) and Jewish Home Lifecare University Avenue Assisted Living Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $84k (3.5% of expenses). Other salaries and wages came to $588k. At year end it held assets of $16.3m against liabilities of $9.4m, net assets of $6.9m. It reported 13 employees.