James W Denmark Loan Fund Inc

Analysis

James W Denmark Loan Fund Inc is a registered charity in United States, based in Winstonsalem, NC. It received its IRS tax-exemption ruling in March 1964, 62 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, James W Denmark Loan Fund Inc reported income of $220k and spending of $16k, leaving 93% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $135k to $220k (+63%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 14% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, James W Denmark Loan Fund Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include United Way of Dodge City Inc ($220k), Ohio Bankers Foundation for Financial Literacy ($221k) and Permian Basin Oilmans Bass Invitational Inc ($220k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 12% of the total. At year end it held assets of $5.3m against liabilities of $600, net assets of $5.3m.