Hebrew Free Loan Association

Analysis

Hebrew Free Loan Association is a registered charity in United States, based in Mercer Island, WA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hebrew Free Loan Association reported income of $228k and spending of $128k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $228k (+143%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hebrew Free Loan Association sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within WA. Charities of a similar size with the same main cause include Cedar County Senior Citizens Inc ($228k), For Our City - Chandler ($228k) and Banded Brothers ($228k).

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 $63k (49% of expenses). At year end it held assets of $745k against liabilities of $15k, net assets of $730k. It reported 2 employees.