Cuyahoga Land Bank Charities

Analysis

Cuyahoga Land Bank Charities is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 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, Cuyahoga Land Bank Charities reported income of $1.5m and spending of $753k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $1.5m (+2086%), an average of +116% a year. The sharpest change came in the year to December 2020, when income rose by 294%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cuyahoga Land Bank Charities 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 Monterey Bay Economic Partnership Inc ($1.5m), Lions Eye Bank of Nebraska Inc ($1.5m) and Brooklyn Neighborhood HDFC ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.