Jewish Free Loan Association

Analysis

Jewish Free Loan Association is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 August 2023, Jewish Free Loan Association reported income of $3.3m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.4m to $3.3m (+38%), an average of +8.3% a year. The sharpest change came in the year to August 2020, when income rose by 56%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jewish Free Loan Association sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Providence Ministries Inc ($3.3m), First Light Community of Mobile Inc ($3.3m) and Road Runners Club of America ($3.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $456k (21% of expenses). Other salaries and wages came to $593k. At year end it held assets of $25.7m against liabilities of $1.1m, net assets of $24.6m. It reported 14 employees.