Jewish Educational Loan Fund Inc

Analysis

Jewish Educational Loan Fund Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in November 1948, 78 years ago. 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, Jewish Educational Loan Fund Inc reported income of $2.8m and spending of $1.9m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.8m (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jewish Educational Loan Fund Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Bikes Not Bombs Inc ($2.8m), Skagit Valley Neighbors in Need ($2.8m) and Hispanic Coalition of Greater Waterbury Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $327k (17% of expenses). Other salaries and wages came to $373k. At year end it held assets of $16.9m against liabilities of $617k, net assets of $16.3m. It reported 10 employees.