Community Loan Center of Greater Houston

Analysis

Community Loan Center of Greater Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2015, 11 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 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, Community Loan Center of Greater Houston reported income of $184k and spending of $148k, spending 80% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $146k to $184k (+25%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Loan Center of Greater Houston sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Stone Community Development Corporation NFP ($184k), Broad Ripple Village Association Inc ($184k) and Floyd County Friends ($184k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $952k against liabilities of $562k, net assets of $390k.