Student Loan Fund Inc

Analysis

Student Loan Fund Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Student Loan Fund Inc reported income of $237k and spending of $163k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $306k to $237k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Student Loan Fund Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Catholic Education Foundation ($237k), Virginia Association of Science Teachers ($237k) and Cisd Educational Support Groups Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $71k (44% of expenses). At year end it held assets of $208k against liabilities of $3,420, net assets of $205k. It reported 1 employees.