Kulshan Community Land Trust

Analysis

Kulshan Community Land Trust is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in May 2000, 26 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, Kulshan Community Land Trust reported income of $1.5m and spending of $631k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $1.5m (+152%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 198%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kulshan Community Land Trust sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.5m), Norwalk Congregate Homes for the Elderly Inc ($1.5m) and A Partnership in Housing Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 15% of the total. Other salaries and wages came to $319k. At year end it held assets of $10.1m against liabilities of $3.6m, net assets of $6.5m. It reported 7 employees.