Community First Lending

Analysis

Community First Lending is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 First Lending reported income of $264k and spending of $117k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $960k to $264k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 946%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community First Lending sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include St James Inn ($264k), One Roof Chicago ($264k) and Grafton Gray & Berdia Kegler Manor Inc ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $28k. At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.2m.