Loan Repayment Assistance Foundation

Analysis

Loan Repayment Assistance Foundation is a registered charity in United States, based in Lisle, IL. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Loan Repayment Assistance Foundation reported income of $779k and spending of $812k, spending 104% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $800k to $779k (-2.6%), an average of -0.9% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Loan Repayment Assistance Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Liberty Christian School ($779k), Childrens All Day Pre-Nursery ($780k) and Christian Institute of Arts and Sciences Inc ($779k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $10k (1.2% of expenses). At year end it held assets of $41k against liabilities of $1,644, net assets of $40k.