Preferred Lending Partners

Analysis

Preferred Lending Partners is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in October 1985, 41 years ago. 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, Preferred Lending Partners reported income of $1.2m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $1.2m (-12%), an average of -3.0% a year. The sharpest change came in the year to September 2021, when income rose by 51%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preferred Lending Partners sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Art League of Houston ($1.2m), Queen of Peace Inc ($1.2m) and Anatomical Gift Association ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $328k (30% of expenses). Other salaries and wages came to $353k. At year end it held assets of $1.3m against liabilities of $165k, net assets of $1.1m. It reported 7 employees.