Evansville Land Bank Corp

Analysis

Evansville Land Bank Corp is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in December 2018, 8 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, Evansville Land Bank Corp reported income of $334k and spending of $249k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $334k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 71%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Evansville Land Bank Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Southern Idaho Economic Development Organization Inc ($334k), Center for Rural Outreach and Public Services Inc ($334k) and Junior League of Cincinnati ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $961k against liabilities of $0, net assets of $961k.