Black Owned and Operated Community Land Trust Inc

Analysis

Black Owned and Operated Community Land Trust Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Black Owned and Operated Community Land Trust Inc reported income of $279k and spending of $716k, spending 256% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $917k to $279k (-70%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Black Owned and Operated Community Land Trust Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include One Heart Family Ministries Inc ($279k), Children Voice Inc ($279k) and Serving at the Crossroads ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 61% of the total. Other salaries and wages came to $151k. At year end it held assets of $6.9m against liabilities of $7.2m, net assets of -$323k. It reported 3 employees.