Five Rivers Loan Fund Inc

Analysis

Five Rivers Loan Fund Inc is a registered charity in United States, based in Happy Camp, CA. It received its IRS tax-exemption ruling in January 2008, 18 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 September 2023, Five Rivers Loan Fund Inc reported income of $180k and spending of $139k, leaving 23% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $83k to $180k (+116%), an average of +21% a year. The sharpest change came in the year to September 2023, when income rose by 161%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Five Rivers Loan Fund Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Sky Parkway Mutual Housing Corporation ($180k), Norfolk Housing Development Corporation ($180k) and Locust Grove Elderly Housing Inc ($180k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 56% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $65k (47% of expenses). Other salaries and wages came to $1,489. At year end it held assets of $1.4m against liabilities of $276k, net assets of $1.1m. It reported 2 employees.