Lake County Land Reutilization Corp

Analysis

Lake County Land Reutilization Corp is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in August 2014, 12 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, Lake County Land Reutilization Corp reported income of $1.5m and spending of $1.8m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lake County Land Reutilization Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Superior California Economic Development Inc ($1.5m), Montana Nonprofit Association Inc ($1.5m) and Catapult Lakeland Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $69k (3.9% of expenses). Other salaries and wages came to $58k. At year end it held assets of $7.3m against liabilities of $1,795, net assets of $7.3m. It reported 1 employees.