Home on Whidbey a Community Land Trust

Analysis

Home on Whidbey a Community Land Trust is a registered charity in United States, based in Langley, WA. It received its IRS tax-exemption ruling in November 2022, 4 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 2023, Home on Whidbey a Community Land Trust reported income of $55k and spending of $52k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $55k (+184%), an average of +184% a year. The sharpest change came in the year to December 2023, when income rose by 184%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home on Whidbey a Community Land Trust sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 16th percentile within WA. Charities of a similar size with the same main cause include Ngip ($55k), Thomas Wilbur Homestead Inc ($55k) and Bay Village Endowment Fund ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,585 against liabilities of $0, net assets of $8,585.