Hebrew Free Loan Assn of Tucson

Analysis

Hebrew Free Loan Assn of Tucson is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in April 1953, 73 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, Hebrew Free Loan Assn of Tucson reported income of $220k and spending of $131k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $220k (+96%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 71% 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 Assn of Tucson sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within AZ. Charities of a similar size with the same main cause include Brittingham Foundation Inc ($220k), Austintown Little League Association ($220k) and Mental Health America of South Carolina ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $53k (40% of expenses). Other salaries and wages came to $24k. At year end it held assets of $731k against liabilities of $0, net assets of $731k. It reported 2 employees.