Enterprise Community Loan Fund Inc

Analysis

Enterprise Community Loan Fund Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in August 1990, 36 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, Enterprise Community Loan Fund Inc reported income of $36.1m and spending of $23.8m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.1m to $36.1m (+112%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 129%. 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, Enterprise Community Loan Fund Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Aeon ($35.9m), Chiara Communities Inc ($36.2m) and Haven for Hope of Bexar County ($35.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $1.5m (6.1% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $480.8m against liabilities of $346.1m, net assets of $134.7m. It reported 47 employees.