Hebrew Free Loan Association of Pittsburgh Pennsylvania

Analysis

Hebrew Free Loan Association of Pittsburgh Pennsylvania is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Hebrew Free Loan Association of Pittsburgh Pennsylvania reported income of $340k and spending of $169k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $192k to $340k (+77%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 162%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hebrew Free Loan Association of Pittsburgh Pennsylvania sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within PA. Charities of a similar size with the same main cause include Caristas VL Foundation ($340k), Hazleton Rotary Foundation ($340k) and Hill Country Charity Ball Association Incorporated ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $77k (46% of expenses). Other salaries and wages came to $11k. At year end it held assets of $4.0m against liabilities of $108k, net assets of $3.8m. It reported 2 employees.