Dallas Hebrew Free Loan Association

Analysis

Dallas Hebrew Free Loan Association is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 1939, 87 years ago. 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, Dallas Hebrew Free Loan Association reported income of $228k and spending of $149k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $155k to $228k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dallas Hebrew Free Loan Association sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Bay Harbor Minor Hockey Association Inc ($228k), Volunteers of America Inc ($228k) and The Original Project Team Foundation Inc ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $100k. At year end it held assets of $1.8m against liabilities of $1,117, net assets of $1.8m. It reported 1 employees.