South Providence Hebrew Free Loan Assoc
EIN: 50277510 · Warwick, RI · NTEE: P60Z
| Metric | Value |
|---|---|
| Total Revenue | $8K |
| Total Expenses | $26K |
| Net Assets | $742K |
Is South Providence Hebrew Free Loan Assoc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Providence Hebrew Free Loan Assoc
South Providence Hebrew Free Loan Assoc (EIN: 50277510) is a nonprofit organization based in Warwick, RI, classified under NTEE code P60Z. The organization reported total revenue of $8K and total assets of $742K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Providence Hebrew Free Loan Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Providence Hebrew Free Loan Assoc is a micro nonprofit that has been operating for 70 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -2.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $8K |
| Total Expenses | $26K |
| Surplus / Deficit | $-18,819 |
| Total Assets | $742K |
| Net Assets | $742K |
| Operating Margin | -250.4% |
| Months of Reserves | 338.1 months |
Financial Health Grade: B
In 2020, South Providence Hebrew Free Loan Assoc reported a deficit of $19K with expenses exceeding revenue, holds 338.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2020), South Providence Hebrew Free Loan Assoc's revenue has declined at a compound annual growth rate (CAGR) of -2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -20.0% | +4.3% | +4.2% |
| 2019 | -36.4% | -1.0% | -2.2% |
| 2018 | +5.2% | +24.9% | +90.3% |
| 2017 | +16.8% | +4.1% | -1.6% |
| 2016 | +82.1% | +17.5% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1956 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Providence Hebrew Free Loan Assoc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Providence Hebrew Free Loan Assoc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
Frequently Asked Questions about South Providence Hebrew Free Loan Assoc
Is South Providence Hebrew Free Loan Assoc a legitimate charity?
South Providence Hebrew Free Loan Assoc (EIN: 50277510) is a registered tax-exempt nonprofit based in Rhode Island. It has 10 years of IRS 990 filings on record. Total revenue: $8K. No red flags identified. Financial health grade: B.
How does South Providence Hebrew Free Loan Assoc spend its money?
South Providence Hebrew Free Loan Assoc reported $8K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to South Providence Hebrew Free Loan Assoc tax-deductible?
South Providence Hebrew Free Loan Assoc is registered as a tax-exempt nonprofit (EIN: 50277510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Providence Hebrew Free Loan Assoc located?
South Providence Hebrew Free Loan Assoc is headquartered in Warwick, Rhode Island and files with the IRS under EIN 50277510. It is classified under NTEE code P60Z.
How many years of IRS 990 filings does South Providence Hebrew Free Loan Assoc have?
South Providence Hebrew Free Loan Assoc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8K in total revenue.
Filing History
IRS 990 filing history for South Providence Hebrew Free Loan Assoc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), South Providence Hebrew Free Loan Assoc's revenue has declined by 22.3%, moving from $10K to $8K. Total assets increased by 66.9% over the same period, from $444K to $742K. Total functional expenses rose by 38%, from $19K to $26K. In its most recent filing year (2020), South Providence Hebrew Free Loan Assoc reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $8K | $26K | $742K | $0 | — | — |
| 2019 | $9K | $25K | $712K | $0 | — | View 990 |
| 2018 | $15K | $26K | $728K | $0 | — | View 990 |
| 2017 | $14K | $20K | $383K | $0 | — | View 990 |
| 2016 | $12K | $20K | $389K | $0 | — | View 990 |
| 2015 | $7K | $17K | $397K | $0 | — | View 990 |
| 2014 | $5K | $20K | $407K | $0 | — | View 990 |
| 2013 | $8K | $20K | $422K | $0 | — | View 990 |
| 2012 | $9K | $19K | $434K | $0 | — | View 990 |
| 2011 | $10K | $19K | $444K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $8K, expenses of $26K, and assets of $742K (revenue -20.0% year-over-year).
- 2019: Revenue of $9K, expenses of $25K, and assets of $712K (revenue -36.4% year-over-year).
- 2018: Revenue of $15K, expenses of $26K, and assets of $728K (revenue +5.2% year-over-year).
- 2017: Revenue of $14K, expenses of $20K, and assets of $383K (revenue +16.8% year-over-year).
- 2016: Revenue of $12K, expenses of $20K, and assets of $389K (revenue +82.1% year-over-year).
- 2015: Revenue of $7K, expenses of $17K, and assets of $397K (revenue +29.6% year-over-year).
- 2014: Revenue of $5K, expenses of $20K, and assets of $407K (revenue -37.3% year-over-year).
- 2013: Revenue of $8K, expenses of $20K, and assets of $422K (revenue -8.3% year-over-year).
- 2012: Revenue of $9K, expenses of $19K, and assets of $434K (revenue -8.4% year-over-year).
- 2011: Revenue of $10K, expenses of $19K, and assets of $444K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Providence Hebrew Free Loan Assoc:
Data Sources and Methodology
This transparency report for South Providence Hebrew Free Loan Assoc 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.