Southeastern Connecticut Community Land Trust Inc

Analysis

Southeastern Connecticut Community Land Trust Inc is a registered charity in United States, based in Voluntown, CT. It received its IRS tax-exemption ruling in June 2020, 6 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 June 2023, Southeastern Connecticut Community Land Trust Inc reported income of $272k and spending of $41k, leaving 85% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $32k to $272k (+756%), an average of +192% a year. The sharpest change came in the year to June 2022, when income rose by 354%. Over the whole period it spent 22% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeastern Connecticut Community Land Trust Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Carriage Hill Inc ($271k), Poah Support Corporation 2 ($272k) and Blackford-Grant Hud IV ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $24k. At year end it held assets of $376k against liabilities of $865, net assets of $376k.