Microloan Foundation USA Inc

Analysis

Microloan Foundation USA Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Microloan Foundation USA Inc reported income of $109k and spending of $108k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $57k to $109k (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 168%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Microloan Foundation USA Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Steps of Hope-Guatemala Inc ($109k), Transform African Ministries ($109k) and International Art Education Center ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $51k against liabilities of $2,392, net assets of $49k.