Tenfold Community Lending

Analysis

Tenfold Community Lending is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in February 1995, 31 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 June 2023, Tenfold Community Lending reported income of $629k and spending of $721k, spending 115% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.0m to $629k (-69%), an average of -32% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tenfold Community Lending sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within PA. Charities of a similar size with the same main cause include Find Feed & Restore ($629k), Labor Council Senior Housing Inc ($629k) and Peninsula Housing Development Inc VII ($629k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $233k. At year end it held assets of $11.4m against liabilities of $5.2m, net assets of $6.2m. It reported 7 employees.