Business and Community Lenders of Texas

Analysis

Business and Community Lenders of Texas is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 1992, 34 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, Business and Community Lenders of Texas reported income of $3.7m and spending of $4.1m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.3m to $3.7m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2020, when income rose by 128%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business and Community Lenders of Texas sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include HHT Foundation International Inc ($3.7m), Colorado Center for Nursing Excellence ($3.7m) and Northfield Healthy Community Initiative ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $161k (3.9% of expenses). Other salaries and wages came to $818k. At year end it held assets of $28.6m against liabilities of $13.5m, net assets of $15.1m. It reported 24 employees.