Community Loan Fund of the Capital Region Inc

Analysis

Community Loan Fund of the Capital Region Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 1986, 40 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, Community Loan Fund of the Capital Region Inc reported income of $2.8m and spending of $2.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.8m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Loan Fund of the Capital Region Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include New Hope Family Shelter Inc ($2.8m), The Farmers House Inc ($2.8m) and Dearborn Heights Csi Non-Profit Housing Corporation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $125k (4.6% of expenses). Other salaries and wages came to $723k. At year end it held assets of $26.9m against liabilities of $12.9m, net assets of $14.0m. It reported 15 employees.