Muncie Land Bank Inc

Analysis

Muncie Land Bank Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in June 2019, 7 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, Muncie Land Bank Inc reported income of $206k and spending of $168k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $206k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Muncie Land Bank Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within IN. Charities of a similar size with the same main cause include Movement Community Development Corporation ($206k), Campus Neighborhoods Revitalization Corporation ($206k) and Rural Development Leadership Network Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 6.7% of the total. Other salaries and wages came to $58k. At year end it held assets of $301k against liabilities of $658, net assets of $300k. It reported 1 employees.