Center for Responsible Lending

Analysis

Center for Responsible Lending is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Center for Responsible Lending reported income of $6.3m and spending of $7.1m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.6m to $6.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 111% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Center for Responsible Lending sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Greater Hartford Legal Aid Inc ($6.3m), Boys & Girls Clubs of Greater Oxnard & Port Hueneme ($6.3m) and Rocky Mountain Information Network Inc ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 20% of the total. At year end it held assets of $8.3m against liabilities of $1.3m, net assets of $7.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.