Hebrew Free Loan Association of Houston

Analysis

Hebrew Free Loan Association of Houston is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hebrew Free Loan Association of Houston reported income of $92k and spending of $145k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $92k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hebrew Free Loan Association of Houston sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include High Island Mercy Corps Inc ($92k), Best Seat in the House ($92k) and Ken Dornhecker Ministries Inc ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $20k. At year end it held assets of $1.2m against liabilities of $1,019, net assets of $1.2m. It reported 1 employees.