Community Lendingworks

Analysis

Community Lendingworks is a registered charity in United States, based in Springfield, OR. It received its IRS tax-exemption ruling in August 2023, 3 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Lendingworks reported income of $723k and spending of $1.3m, spending 180% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income grew from $226k to $723k (+220%), an average of +47% a year. The sharpest change came in the year to December 2019, when income rose by 446%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Lendingworks 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 75th percentile, and in the 76th percentile within OR. Charities of a similar size with the same main cause include Small Business Synergy Corporation ($723k), Coreys Closet ($724k) and One House at a Time Inc ($723k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 82% of the total. Other salaries and wages came to $397k. At year end it held assets of $10.7m against liabilities of $5.5m, net assets of $5.3m.