Phoenix Jewish Free Loan Assn

Analysis

Phoenix Jewish Free Loan Assn is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 May 2024, Phoenix Jewish Free Loan Assn reported income of $646k and spending of $593k, spending 92% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $848k to $646k (-24%), an average of -6.6% a year. The sharpest change came in the year to May 2023, when income dropped by 40%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Phoenix Jewish Free Loan Assn sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AZ. Charities of a similar size with the same main cause include Lyc Concours Corporation ($646k), Roscommon County Community ($646k) and Vets Returning Home Inc ($646k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $275k. At year end it held assets of $3.6m against liabilities of $0, net assets of $3.6m. It reported 6 employees.