Northeastern Colorado Revolving Loan Fund

Analysis

Northeastern Colorado Revolving Loan Fund is a registered charity in United States, based in Yuma, CO. It received its IRS tax-exemption ruling in January 1990, 36 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 December 2023, Northeastern Colorado Revolving Loan Fund reported income of $549k and spending of $219k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $549k (+164%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeastern Colorado Revolving Loan Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Hope Compassionate Healthcare ($549k), Oahu Veterans Council ($549k) and Amistad Center for Art & Culture Inc ($549k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $92k (42% of expenses). Other salaries and wages came to $40k. At year end it held assets of $5.1m against liabilities of $31k, net assets of $5.1m. It reported 1 employees.