Lendingkind

Analysis

Lendingkind is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in March 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lendingkind reported income of $427k and spending of $517k, spending 121% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $371k to $427k (+15%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lendingkind sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Pamlico Rose Institute for Sustainable Communities ($427k), Renaissance Creations ($428k) and Addison County Relocalization Network Inc ($427k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 8.2% of the total. At year end it held assets of $3.0m against liabilities of $2.6m, net assets of $392k.