Africatown Community Land Trust

Analysis

Africatown Community Land Trust is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2019, 7 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, Africatown Community Land Trust reported income of $7.1m and spending of $7.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $436k to $7.1m (+1532%), an average of +101% a year. The sharpest change came in the year to December 2020, when income rose by 296%. 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, Africatown Community Land Trust sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include South Western Alpha Housing and Healthcare Inc ($7.1m), Community Initiatives Development Corporation ($7.1m) and Santa Clara Methodist Retirement Foundation Inc ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $246k (3.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $20.4m against liabilities of $15.9m, net assets of $4.5m. It reported 55 employees.