Pennsylvania Home Lending Collaborative Inc

Analysis

Pennsylvania Home Lending Collaborative Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in March 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pennsylvania Home Lending Collaborative Inc reported income of $331k and spending of $81k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $115k to $331k (+187%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pennsylvania Home Lending Collaborative Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Ayer Elderly Housing Partnership Inc ($331k), Choice Housing ($331k) and McCreary Apartments Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $3.4m against liabilities of $2.9m, net assets of $479k.