Hebrew Free Loan of New Jersey Inc

Analysis

Hebrew Free Loan of New Jersey Inc is a registered charity in United States, based in Whippany, NJ. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hebrew Free Loan of New Jersey Inc reported income of $89k and spending of $59k, leaving 34% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $69k to $89k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2020, when income rose by 722%. Over the whole period it spent 45% 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 of New Jersey Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Ruff Ryders to the Rescue Foundation ($89k), Midcoast Outdoor Leadership Initiative ($89k) and Zainabia Islamic Society ($89k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $1.4m against liabilities of $200k, net assets of $1.2m.