Dorchester Bay Nieghborhood Loan Fund Inc

Analysis

Dorchester Bay Nieghborhood Loan Fund Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in September 1999, 27 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dorchester Bay Nieghborhood Loan Fund Inc reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $964k to $2.7m (+178%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dorchester Bay Nieghborhood Loan Fund Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Enterprise Development Center of Erie County Inc ($2.7m), Centro Partnership San Antonio ($2.7m) and Central Market Community Benefit District ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.6% of the total. At year end it held assets of $2.7m against liabilities of $1.6m, net assets of $1.1m.