Knox County Land Reutilization Corporation

Analysis

Knox County Land Reutilization Corporation is a registered charity in United States, based in Mount Vernon, OH. 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, Knox County Land Reutilization Corporation reported income of $1.5m and spending of $854k, leaving 43% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $189k to $1.5m (+688%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 323%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Knox County Land Reutilization Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Young Adults Manufacturer Training Employment Program ($1.5m), Plenty Doors Community Development Corporation ($1.5m) and Berkshire Innovation Center Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% and program service revenue 6.4% of the total. At year end it held assets of $4.8m against liabilities of $204k, net assets of $4.5m.