Florida Community Loan Fund

Analysis

Florida Community Loan Fund is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Florida Community Loan Fund reported income of $15.2m and spending of $8.1m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.9m to $15.2m (+53%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Florida Community Loan Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Knights of Columbus Charities Inc ($15.2m), Desert Haven Enterprises ($15.2m) and Economic Opportunity Commission of Nassau County Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $916k (11% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $147.9m against liabilities of $94.5m, net assets of $53.4m. It reported 23 employees.