IMPACT LOAN FUND INC
AI Summary
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IMPACT LOAN FUND INC is a nonprofit organization focused on business promotion, dedicated to assisting small business firms in improving economic conditions in Eastern Philadelphia. With an operating budget of $913.3K and total revenue of $909.7K for the filing year 2024, the organization has secured significant funding from various sources, none of which constitute 50% or more of its revenue. For more information, visit their website at www.impactloanfund.org.
Mission Statement
CERTIFIED LOAN FUND TO ASSIST SMALL BUSINESS FIRMS TO IMPROVE ECONOMIC CONDITIONS IN EASTERN PHILADELPHIA.
Cause Areas
1
Business promotion
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is IMPACT LOAN FUND INC’s budget?
In 2024, IMPACT LOAN FUND INC reported an annual operating budget of around $913 thousand. More detailed financial information is available to registered users.
What causes does IMPACT LOAN FUND INC support?
IMPACT LOAN FUND INC supports work in Business promotion.
Where does IMPACT LOAN FUND INC operate?
IMPACT LOAN FUND INC is headquartered in PHILADELPHIA, PA.
Who funded IMPACT LOAN FUND INC recently?
In 2024, IMPACT LOAN FUND INC received grants from PENNSYLVANIA CDFI NETWORK, OPPORTUNITY FINANCE NETWORK, and PENNSYLVANIA CDFI NETWORK. More information on this organization’s funders is available to registered users.
What is the largest grant IMPACT LOAN FUND INC received in 2024?
The largest grant to IMPACT LOAN FUND INC in 2024 exceeds $331 thousand.
What is IMPACT LOAN FUND INC’s reliance on government grants?
IMPACT LOAN FUND INC relied on government grants for more than 35% of their total revenue in 2024.