Asheville Buncombe Community Land Trust

Analysis

Asheville Buncombe Community Land Trust is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Asheville Buncombe Community Land Trust reported income of $553k and spending of $229k, leaving 59% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $417k to $553k (+33%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Asheville Buncombe Community Land Trust sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include Northpoint Housing Inc ($553k), Yitav Lev Charity Inc ($554k) and Parkside Manor Inc ($552k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 108% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $85k (37% of expenses). Other salaries and wages came to $39k. At year end it held assets of $1.1m against liabilities of $2,960, net assets of $1.1m. It reported 3 employees.