Rising Tide Community Loan Fund

Analysis

Rising Tide Community Loan Fund is a registered charity in United States, based in Bethlehem, PA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rising Tide Community Loan Fund reported income of $956k and spending of $812k, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $370k to $956k (+158%), an average of +27% a year. The sharpest change came in the year to June 2022, when income rose by 491%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rising Tide Community Loan Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include A Step Beyond a Nonprofit Corporation ($955k), Stand Up Nashville Inc ($956k) and FTW Booster Club Inc ($955k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Other salaries and wages came to $218k. At year end it held assets of $6.8m against liabilities of $4.3m, net assets of $2.5m. It reported 5 employees.