Tallahassee Lenders Consortium Inc

Analysis

Tallahassee Lenders Consortium Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in August 1994, 32 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Tallahassee Lenders Consortium Inc reported income of $2.5m and spending of $2.2m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $2.5m (+59%), an average of +12% a year. The sharpest change came in the year to September 2022, when income rose by 78%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tallahassee Lenders Consortium Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Westside Jewish Center Apartments ($2.5m), Progressive Baptist Church Housing Foundation Inc ($2.5m) and Three Dog Night Charities ($2.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $87k (3.9% of expenses). Other salaries and wages came to $391k. At year end it held assets of $2.0m against liabilities of $528k, net assets of $1.5m. It reported 11 employees.