Overview
What is Impact Loan Fund Inc?
Impact Loan Fund Inc is a certified loan fund located in Philadelphia, Pennsylvania, specifically at 1952 E Allegheny Avenue. The primary mission of this nonprofit organization is to aid small business firms in improving their economic conditions within Eastern Philadelphia. By providing loans, Impact Loan Fund Inc aims to contribute to the growth and sustainability of these businesses, thereby contributing positively to the local economy.
Is Impact Loan Fund Inc legitimate?
Impact Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Loan Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Mission Statement of Impact Loan Fund Inc
Impact Loan Fund Inc, as a certified loan fund, is dedicated to assisting small business firms in improving economic conditions in eastern Philadelphia. The nonprofit's mission is to provide financial assistance to these businesses, aiming to foster economic growth and development in the region. By offering loans, Impact Loan Fund Inc aims to support local entrepreneurs and small businesses, ultimately contributing to a stronger and more prosperous community.
Impact
This information is meant to be a general summary of Impact Loan Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Impact Loan Fund Inc's impact is seen in the tangible support it provides to small business firms in Eastern Philadelphia. By offering certified loans, the organization directly contributes to improving economic conditions in the community. Through its targeted initiatives, Impact Loan Fund Inc plays a crucial role in fostering entrepreneurship, job creation, and overall community improvement in Philadelphia.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$232,653
LOAN APPLICATION FEES
Revenue
$73,237
OTHER INCOME
Revenue
$3,086
Organization Details
Founding Year
2001
Phone
(215) 423-2944
Principal Officer
Casey O'Donnel
Main Address
1952 E ALLEGHENY AVENUE, PHILADELPHIA, PA, 19134
NTEE Category
Code: S410 - Community improvement
If you are a representative of Impact Loan Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.