Wayne County Regional Land Bank Corporation

Analysis

Wayne County Regional Land Bank Corporation is a registered charity in United States, based in Lyons, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Wayne County Regional Land Bank Corporation reported income of $1.5m and spending of $819k, leaving 44% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $250k to $1.5m (+489%), an average of +43% a year. The sharpest change came in the year to December 2019, when income rose by 465%. Over the whole period it spent 47% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Wayne County Regional Land Bank Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Maine Island Trail Association ($1.5m), Cca Texas Fund ($1.5m) and National Network of Abortion Funds ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $81k (9.9% of expenses). Other salaries and wages came to $50k. At year end it held assets of $2.9m against liabilities of $22k, net assets of $2.8m. It reported 2 employees.