Impact Loan Fund Inc

Organization Overview

Impact Loan Fund Inc is located in Philadelphia, PA. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Impact Loan Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Impact Loan Fund Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.8% each year . All expenses for the organization totaled $571.3k during the year ending 06/2021. While expenses have increased by 48.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CERTIFIED LOAN FUND TO ASSIST SMALL BUSINESS FIRMS TO IMPROVE ECONOMIC CONDITIONS IN EASTERN PHILADELPHIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CERTIFIED LOAN FUND TO ASSIST SMALL BUSINESS FIRMS TO IMPROVE ECONOMIC CONDITIONS IN EASTERN PHILADELPHIA.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $125,000
All other contributions, gifts, grants, and similar amounts not included above$677,446
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$802,446
Total Program Service Revenue$203,154
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,005,600

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Impact Loan Fund Inc has recieved totaling $327,055.

Awarding OrganizationAmount
Community First Fund

Lancaster, PA

PURPOSE: ECONOMIC DEVELOPMENT

$180,000
Pennsylvania Microenterprise Coalition

Philadelphia, PA

PURPOSE: LOAN AND DEBT RELIEF

$147,055
View Grant Recipient Profile

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