Hebrew Free Loan Society of Greater Philadelphia

Analysis

Hebrew Free Loan Society of Greater Philadelphia is a registered charity in United States, based in Wynnewood, PA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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 November 2023, Hebrew Free Loan Society of Greater Philadelphia reported income of $170k and spending of $45k, leaving 74% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income fell from $511k to $170k (-67%), an average of -24% a year. The sharpest change came in the year to November 2020, when income dropped by 63%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hebrew Free Loan Society of Greater Philadelphia sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Friends of the Beverly Hills Public Library ($170k), Igbo Community Civic Center Inc ($170k) and Oceanic Research Group Inc ($170k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. At year end it held assets of $995k against liabilities of $1,470, net assets of $993k.