Acts Lending Inc

Analysis

Acts Lending Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 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 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, Acts Lending Inc reported income of $1.5m and spending of $506k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $488k to $1.5m (+214%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 225%. Over the whole period it spent 30% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acts Lending Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WI. Charities of a similar size with the same main cause include Danish Home Foundation ($1.5m), Higgins Plaza Inc ($1.5m) and Homes for Hope Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $14k (2.7% of expenses). Other salaries and wages came to $106k. At year end it held assets of $9.1m against liabilities of $4.6m, net assets of $4.5m.