Hebrew Free Loan Association of Baltimore City Inc

Analysis

Hebrew Free Loan Association of Baltimore City Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1943, 83 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2023, Hebrew Free Loan Association of Baltimore City Inc reported income of $76k and spending of $94k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $62k to $76k (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hebrew Free Loan Association of Baltimore City Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Bux Mont Educational Radio Assoc ($76k), Hearne Volunteer Fire Dept Inc ($76k) and Eric Larosa Memorial Foundation Inc ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 2 employees.