Neighborhood Lending Partners Inc

Analysis

Neighborhood Lending Partners Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2002, 24 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Neighborhood Lending Partners Inc reported income of $9.8m and spending of $2.9m, leaving 71% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $2.0m to $9.8m (+383%), an average of +69% a year. The sharpest change came in the year to March 2023, when income rose by 307%. Over the whole period it spent 57% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Lending Partners Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Trinity Hall ($9.8m), Portsmouth Christian Academy ($9.8m) and Nami Chicago ($9.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $284k (9.9% of expenses). Other salaries and wages came to $961k. At year end it held assets of $48.1m against liabilities of $27.2m, net assets of $20.9m. It reported 11 employees.