Partnership in Property Commercial Land Trust

Analysis

Partnership in Property Commercial Land Trust is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2022, 4 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, Partnership in Property Commercial Land Trust reported income of $548k and spending of $877k, spending 160% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $564k to $548k (-2.8%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 334%. Over the whole period it spent 42% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Partnership in Property Commercial Land Trust sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Urban Renewal Center ($548k), New Life Enterprises Corp ($549k) and Renaissance-Parents of Success ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $152k (17% of expenses). Other salaries and wages came to $232k. At year end it held assets of $3.1m against liabilities of $624k, net assets of $2.5m. It reported 5 employees.