Hebrew Free Loan Society Inc
Hebrew Free Loan Society Inc. shows consistent asset growth and no reported officer compensation.
EIN: 135562239 · New York, NY · NTEE: P510 · Updated: 2026-03-28
Is Hebrew Free Loan Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hebrew Free Loan Society Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hebrew Free Loan Society Inc
Hebrew Free Loan Society Inc (EIN: 135562239) is a nonprofit organization based in New York, NY, classified under NTEE code P510. The organization reported total revenue of $7.2M and total assets of $49.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hebrew Free Loan Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hebrew Free Loan Society Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Hebrew Free Loan Society Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization reports 0% officer compensation across all provided filing periods, indicating that no salaries or other compensation were paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other expense categories not specified as 'Officer Comp'.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hebrew Free Loan Society Inc's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may obscure actual executive remuneration if categorized elsewhere.
Strengths
The following positive indicators were identified for Hebrew Free Loan Society Inc:
- Consistent and significant asset growth, from $20,494,109 in 201506 to $49,249,393 in 202306.
- Revenue consistently exceeding expenses in most recent periods, indicating strong financial management.
- No reported officer compensation, suggesting a highly efficient use of funds or volunteer leadership.
- Strong financial health with a substantial asset base relative to liabilities (e.g., $49,249,393 assets vs. $11,769,335 liabilities in 202306).
Frequently Asked Questions about Hebrew Free Loan Society Inc
Is Hebrew Free Loan Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hebrew Free Loan Society Inc (EIN: 135562239) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Hebrew Free Loan Society Inc spend its money?
Hebrew Free Loan Society Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hebrew Free Loan Society Inc tax-deductible?
Hebrew Free Loan Society Inc is registered as a tax-exempt nonprofit (EIN: 135562239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the Hebrew Free Loan Society Inc. manage to have 0% officer compensation?
The provided data consistently shows 0% officer compensation, which could mean that executive roles are entirely volunteer-based, or that compensation for key management personnel is categorized differently within the IRS 990 filing, such as under general salaries and wages, rather than specifically as 'Officer Comp'.
What is the primary driver of the organization's significant asset growth?
The consistent excess of revenue over expenses, such as $7,309,869 in revenue versus $3,782,035 in expenses in 202306, combined with the nature of its lending programs where loans are repaid, contributes significantly to its asset growth, reaching $49,249,393 in 202306.
Is the organization's revenue stable?
Revenue has shown some fluctuation, with a dip in 201906 ($3,471,001) and 202106 ($5,814,730), but generally demonstrates an upward trend, reaching $7,309,869 in 202306, indicating overall stability and growth in recent years.
Filing History
IRS 990 filing history for Hebrew Free Loan Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hebrew Free Loan Society Inc's revenue has grown by 435.8%, moving from $1.4M to $7.3M. Total assets increased by 140.7% over the same period, from $20.5M to $49.2M. Total functional expenses rose by 185.5%, from $1.3M to $3.8M. In its most recent filing year (2023), Hebrew Free Loan Society Inc reported a surplus of $3.5M, with revenue exceeding expenses. The organization holds $11.8M in liabilities against $49.2M in assets (debt-to-asset ratio: 23.9%), resulting in net assets of $37.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $3.8M | $49.2M | $11.8M | — | View 990 |
| 2022 | $7.4M | $2.9M | $43.9M | $10.1M | — | View 990 |
| 2021 | $5.8M | $3.6M | $39.1M | $9.0M | — | — |
| 2020 | $7.5M | $2.4M | $35.1M | $8.9M | — | View 990 |
| 2019 | $3.5M | $2.1M | $26.0M | $4.4M | — | View 990 |
| 2018 | $2.1M | $1.9M | $23.4M | $2.7M | — | View 990 |
| 2017 | $2.5M | $1.8M | $22.8M | $2.3M | — | View 990 |
| 2016 | $2.7M | $1.8M | $20.5M | $1.5M | — | View 990 |
| 2015 | $1.7M | $1.8M | $20.5M | $1.6M | — | View 990 |
| 2014 | $1.4M | $1.5M | $21.1M | $1.9M | — | View 990 |
| 2013 | $1.3M | $1.5M | $20.7M | $2.1M | — | View 990 |
| 2012 | $1.4M | $1.5M | $20.1M | $1.8M | — | View 990 |
| 2011 | $1.4M | $1.3M | $20.5M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $3.8M, and assets of $49.2M (revenue -1.7% year-over-year).
- 2022: Revenue of $7.4M, expenses of $2.9M, and assets of $43.9M (revenue +27.9% year-over-year).
- 2021: Revenue of $5.8M, expenses of $3.6M, and assets of $39.1M (revenue -22.0% year-over-year).
- 2020: Revenue of $7.5M, expenses of $2.4M, and assets of $35.1M (revenue +114.8% year-over-year).
- 2019: Revenue of $3.5M, expenses of $2.1M, and assets of $26.0M (revenue +63.8% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.9M, and assets of $23.4M (revenue -16.8% year-over-year).
- 2017: Revenue of $2.5M, expenses of $1.8M, and assets of $22.8M (revenue -5.0% year-over-year).
- 2016: Revenue of $2.7M, expenses of $1.8M, and assets of $20.5M (revenue +58.0% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $20.5M (revenue +23.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $21.1M (revenue +7.9% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.5M, and assets of $20.7M (revenue -5.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $20.1M (revenue -0.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $20.5M.
Data Sources and Methodology
This transparency report for Hebrew Free Loan Society Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.