Hebrew Free Loan Association
Only null% goes to programs Strong reserves Growing revenue
Hebrew Free Loan Association is a 501(c)(3) organization based in Bloomfld Hls, Michigan, registered in 1984, with $1,486,461 in FY2024 revenue. CharityIndex grades it B.
6735 Telegraph Rd Ste 300, Bloomfld Hls, MI, 48301 EIN 38-1359260 Since 1984
Revenue (FY2024)
$1.5M
▲ 26.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.1M
Net assets
$13.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hebrew Free Loan Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating155 mo reserves · +28% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hebrew Free Loan Association: 155 mo reserves · +28% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hebrew Free Loan Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hebrew Free Loan Association: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6735 Telegraph Rd Ste 300, Bloomfld Hls, MI, 48301
- City
- Bloomfld Hls
- State
- Michigan
- Subcategory
- Philanthropy Programs
- Website
- …
Financial trends
Revenue grew from $1.2M (FY2013) to $1.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $282KNet assets $13.8M
Operating margin
28.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.0M
Total liabilities
$282K
Net assets
$13.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,486,461▲26.2% | $1,066,248▲5.1% | $13,764,149▼3.9% | $14,045,950▼3.7% | 990 |
| 2023 | $1,178,121▲14.6% | $1,014,767▲2.5% | $14,327,446▲2.5% | $14,587,847▲3.2% | 990 |
| 2022 | $1,027,759▼9.5% | $990,401▲6.6% | $13,982,977 | $14,134,650▲0.3% | 990 |
| 2021 | $1,136,058▼4.1% | $929,118▲7.1% | $13,981,630▲0.5% | $14,097,278▲0.6% | 990 |
| 2020 | $1,184,271▼54.4% | $867,761▼1.6% | $13,918,205▲3.7% | $14,014,704▲3.7% | 990 |
| 2019 | $2,595,443▲25.1% | $882,184▲3.7% | $13,423,671▲14.4% | $13,509,108▲12.3% | 990 |
| 2018 | $2,074,649▲41.2% | $850,906▲1.0% | $11,732,657▲10.5% | $12,026,585▲10.4% | 990 |
| 2017 | $1,469,681▲45.0% | $842,496▲2.4% | $10,613,853▲6.3% | $10,895,817▲6.1% | 990 |
| 2016 | $1,013,807▲27.4% | $822,608▲3.0% | $9,988,018▲2.5% | $10,266,551▲2.4% | 990 |
| 2015 | $795,612▼31.0% | $798,854▲0.6% | $9,748,078▲4.1% | $10,026,102▲3.9% | 990 |
| 2014 | $1,153,293▼7.2% | $794,286▲16.2% | $9,368,575▲4.2% | $9,646,373▲4.5% | 990 |
| 2013 | $1,242,366 | $683,625▲14.0% | $8,986,935▲7.2% | $9,226,984▲7.0% | 990 |
| 2012 | — | $599,715▲9.4% | $8,382,085▲24.4% | $8,621,835▲26.6% | 990 |
| 2011 | — | $547,998 | $6,739,255 | $6,808,227 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5.9M total
48 grants to Hebrew Free Loan Association totaling $5.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| United Jewish Foundation | To provide interest free loans | 2024 | $242,802 |
| Jewish Federation of Metropolitan Detroit | To provide interest free loans | 2024 | $197,173 |
| American Endowment Foundation | General operating support | 2024 | $25,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| Jewish Federation of Metropolitan Detroit | To provide interest free loans | 2023 | $211,093 |
| United Jewish Foundation | To provide interest free loans | 2023 | $185,958 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $47,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $26,482 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Jewish Federation of Metropolitan Detroit | To provide interest free loans | 2022 | $217,650 |
| United Jewish Foundation | To provide interest free loans | 2022 | $214,468 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $32,700 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $17,300 |
| National Philanthropic Tr | Human services | 2022 | $10,000 |
| United Jewish Foundation | To provide interest free loans | 2021 | $317,213 |
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Compare Hebrew Free Loan Association
Frequently asked questions
- Is Hebrew Free Loan Association a legitimate nonprofit?
- Yes. Hebrew Free Loan Association is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1359260, based in Bloomfld Hls, Michigan. Donations are tax-deductible.
- What is Hebrew Free Loan Association's EIN?
- Hebrew Free Loan Association's Employer Identification Number (EIN) is 38-1359260.
- How much revenue does Hebrew Free Loan Association report?
- Hebrew Free Loan Association reported $1,486,461 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Hebrew Free Loan Association have?
- CharityIndex grades Hebrew Free Loan Association B, based on financial health (reserves and operating margin).
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Data for Hebrew Free Loan Association (EIN 38-1359260) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.