Land Bank Twin Cities Inc

Analysis

Land Bank Twin Cities Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 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, Land Bank Twin Cities Inc reported income of $5.9m and spending of $6.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.9m (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Land Bank Twin Cities Inc 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 92nd percentile within MN. Charities of a similar size with the same main cause include Apple Valley Villa Apartments ($5.9m), Rebuilding Together-Saratoga County ($5.9m) and Helping Hand House ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $464k (7.6% of expenses). Other salaries and wages came to $241k. It paid $66k in professional fundraising fees. At year end it held assets of $32.8m against liabilities of $24.5m, net assets of $8.2m. It reported 7 employees.