South Carolina Community Loan Fund
Only null% goes to programs Strong reserves Growing revenue
South Carolina Community Loan Fund is a 501(c)(3) organization based in Charleston, South Carolina, registered in 2004, with $6,915,848 in FY2024 revenue. CharityIndex grades it B.
1051 Gardner Rd Ste A, Charleston, SC, 29407 EIN 01-0793507 Since 2004
Revenue (FY2024)
$6.9M
▲ 4.1% vs prior year
Housing median: $408K
Expenses (FY2024)
$4.2M
Net assets
$15.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—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 South Carolina Community Loan Fund— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating44 mo reserves · +39% 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 South Carolina Community Loan Fund: 44 mo reserves · +39% margin earns a A 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 South Carolina Community Loan Fund— 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 South Carolina Community Loan Fund: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1051 Gardner Rd Ste A, Charleston, SC, 29407
- City
- Charleston
- State
- South Carolina
- Category
- Housing & Shelter
- Subcategory
- Housing Programs
- Website
- …
Financial trends
Revenue grew from $1.6M (FY2014) to $6.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $34.0MNet assets $15.6M
Operating margin
38.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$49.6M
Total liabilities
$34.0M
Net assets
$15.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $6,915,848▲4.1% | $4,240,305▼3.5% | $15,619,817▲21.1% | $49,607,336▲17.5% | 990 |
| 2023 | $6,646,393▲86.5% | $4,392,494▲47.0% | $12,898,667▲22.4% | $42,236,648▲1.6% | 990 |
| 2022 | $3,563,181▼28.1% | $2,987,456▼24.0% | $10,541,584▲4.2% | $41,580,650▼2.3% | 990 |
| 2021 | $4,959,016▲1.0% | $3,931,589▲11.3% | $10,120,716▲13.0% | $42,539,456▲16.8% | 990 |
| 2020 | $4,907,654▲26.3% | $3,531,299▲34.1% | $8,953,847▲18.2% | $36,418,539▲8.8% | 990 |
| 2019 | $3,885,032▲38.6% | $2,633,393▼1.2% | $7,572,840▲22.3% | $33,458,629▲5.1% | 990 |
| 2018 | $2,802,357▲40.5% | $2,666,386▲53.3% | $6,193,955▲2.2% | $31,840,546▲21.5% | 990 |
| 2017 | $1,994,940▲17.1% | $1,739,128▲26.3% | $6,057,984▲4.4% | $26,209,919▲7.2% | 990 |
| 2016 | $1,703,042▼3.1% | $1,376,721▼1.8% | $5,802,173▲6.0% | $24,454,484▲66.3% | 990 |
| 2015 | $1,757,104▲8.9% | $1,402,434▲30.3% | $5,475,852▲6.9% | $14,704,744▲17.0% | 990 |
| 2014 | $1,613,521 | $1,076,465▲51.8% | $5,121,182▲39.6% | $12,570,253▲75.7% | 990 |
| 2012 | — | $708,929▼51.2% | $3,667,527▲67.5% | $7,155,475▲27.3% | 990 |
| 2011 | — | $1,453,116▼54.7% | $2,189,971▼12.7% | $5,620,332▲86.2% | 990 |
| 2010 | — | $3,204,487 | $2,508,539 | $3,018,747 | 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 · $1.0M total
12 grants to South Carolina Community Loan Fund totaling $1.0M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Coastal Community Foundation of South Carolina Inc | Neighborhood & community dev. | 2024 | $5,686 |
| Opportunity Finance Network | Finance justice fund subgrant | 2023 | $300,000 |
| Opportunity Finance Network | Ofn cdfi tech grant program supported by google.org | 2022 | $100,000 |
| Charities Aid Foundation America | Charitable donation | 2022 | $15,000 |
| Opportunity Finance Network | Cf relending | 2021 | $75,000 |
| Winston-salem Foundation | 1 grant(s) for varying purposes | 2020 | $300,000 |
| Coastal Community Foundation of South Carolina Inc | General operating support | 2019 | $25,000 |
| Reinvestment Fund Inc | Provide funds to improve the city's capacity to provide more equitable opportunities for all to be healthly | 2018 | $15,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $6,000 |
| Reinvestment Fund Inc | Support a learning community to improve medium-size cities' capacity to provide more equitable opportunities for all to be healthy | 2016 | $60,000 |
| Opportunity Finance Network | South carolina recovery fund | 2016 | $8,250 |
| Coastal Community Foundation of South Carolina Inc | Capacity building | 2014 | $137,054 |
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Compare South Carolina Community Loan Fund
Frequently asked questions
- Is South Carolina Community Loan Fund a legitimate nonprofit?
- Yes. South Carolina Community Loan Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0793507, based in Charleston, South Carolina. Donations are tax-deductible.
- What is South Carolina Community Loan Fund's EIN?
- South Carolina Community Loan Fund's Employer Identification Number (EIN) is 01-0793507.
- How much revenue does South Carolina Community Loan Fund report?
- South Carolina Community Loan Fund reported $6,915,848 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does South Carolina Community Loan Fund have?
- CharityIndex grades South Carolina Community Loan Fund B, based on financial health (reserves and operating margin).
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Data for South Carolina Community Loan Fund (EIN 01-0793507) 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.