Homestead Community Land Trust

Analysis

Homestead Community Land Trust is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in August 1993, 33 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, Homestead Community Land Trust reported income of $22.1m and spending of $3.8m, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $22.1m (+1354%), an average of +95% a year. The sharpest change came in the year to December 2021, when income rose by 357%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homestead Community Land Trust sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Ashfield Active Living and Wellness Communities Inc ($22.1m), Dogwood Housing Inc ($22.2m) and Compass Housing Alliance ($22.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 5.5% of the total. Compensation of current officers, directors and key employees was $278k (7.4% of expenses). Other salaries and wages came to $505k. At year end it held assets of $50.2m against liabilities of $17.4m, net assets of $32.8m. It reported 12 employees.