CHF Revolving Loan Fund

Analysis

CHF Revolving Loan Fund is a registered charity in United States, based in Montrose, CO. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, CHF Revolving Loan Fund reported income of $110k and spending of $86k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $48k to $110k (+128%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 427%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, CHF Revolving Loan Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within CO. Charities of a similar size with the same main cause include Red Barn Players of Ellwood City ($110k), Q-Kidz Dance Team ($110k) and Northern Lights Versatility Ranch Horse Assn ($110k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 48% of the total. At year end it held assets of $3.0m against liabilities of $18k, net assets of $3.0m.