Milwaukee Jewish Free Loan Association

Analysis

Milwaukee Jewish Free Loan Association is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Milwaukee Jewish Free Loan Association reported income of $385k and spending of $206k, leaving 47% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $160k to $385k (+141%), an average of +19% a year. The sharpest change came in the year to December 2019, when income rose by 49%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Milwaukee Jewish Free Loan Association sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include Bushels of Blessings ($385k), Auglaize County Crisis Center Inc ($385k) and Central California Mennonite Service Center Inc ($385k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.1m against liabilities of $4,594, net assets of $1.1m. It reported 2 employees.