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Community Development : Housing and Neighborhood Development

LiftFund

Dream it. Fund it.

four stars

91.10

2007 W Martin Street San Antonio, TX 78207
tel: (888) 215-2373   Web Site
EIN: 74-2712770

Board Leadership
Jim Adams
Chairman

CEO
Janie Barrera
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.10 four stars
  Financial 88.08 three stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/01/2018 and includes data from FY2017, the most recent 990 received at that time.

The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. LiftFund is a designated community development financial institution, or CDFI. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.

The Mission of LiftFund is to provide credit and services to small businesses and entrepreneurs who do not have access to loans from commercial sources and to provide leadership and innovation to the microlending industry. LiftFund is a designated community development financial institution, or CDFI. CDFIs are working in neighborhoods across the United States to provide affordable, responsible credit, create and sustain jobs, and to stabilize communities. CDFIs finance community businesses, including small businesses, microenterprises, nonprofit organizations, commercial real estate, and affordable housing.

Financial

three stars

88.08

Accountability & Transparency

four stars

96.00

This rating was published 12/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
89.7%
  Administrative Expenses 5.7%
  Fundraising Expenses 4.5%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 0.85
  Program Expenses Growth 6.1%
  Liabilities to Assets 77.6%
All data for Financial Performance Metrics calculations was provided by LiftFund on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by LiftFund on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
LiftFund (TX) 91.10 four stars
ACCION New Mexico (NM) 94.69 four stars
Foundation for Financial Planning (DC) 93.78 four stars
EARN, Inc. (CA) 91.23 four stars
ACCION San Diego (CA) 94.74 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $4,528,486
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $2,388,487
Total Contributions $6,916,973
   Program Service Revenue $8,318,355
Total Primary Revenue $15,235,328
   Other Revenue $756,206
TOTAL REVENUE $15,991,534
   
EXPENSES  
   Program Expenses $15,052,429
   Administrative Expenses $880,599
   Fundraising Expenses $793,165
TOTAL FUNCTIONAL EXPENSES $16,726,193
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-734,659
   
Net Assets $14,481,751

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Credit to Small Businesses $15,052,429 100.0%

Ratings History
LiftFund has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-12 12/01/2018 91.10 four stars
2016-12 02/01/2018 92.38 four stars
2015-12 04/01/2017 92.38 four stars
2015-12 02/01/2017 89.48 three stars
2014-12 06/01/2016 90.58 four stars
 
CN 2.0
2014-12 12/01/2015 91.77 four stars
2013-12 06/01/2015 92.15 four stars
2012-12 02/01/2014 94.88 four stars
2011-12 04/01/2013 94.94 four stars
2010-12 07/01/2012 99.01 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 74-2712770
Name in IRS Master File LIFTFUND INC
NTEE Code S43
NTEE Classification Management Services for Small Business, Entrepreneurs
NTEE Type Community Improvement, Capacity Building
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (995) Described in section 509(a)(2) of the Code
(405) Loans or grants for minority businesses
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1994
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
$216,638 1.29% Janie Barrera President & CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
LiftFund (TX) 91.10 four stars
Four Bands Community Fund (SD) 88.22 three stars
ACCION San Diego (CA) 94.74 four stars
Association for Enterprise Opportunity (DC) 92.20 four stars
The Idea Village (LA) 94.54 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

LiftFund
2007 W Martin Street
San Antonio, TX 78207
tel: (888) 215-2373
fax: (210) 533-2940
EIN: 74-2712770

Visit Web Site

Board Leadership

Jim Adams
Chairman

CEO

Janie Barrera
President & CEO

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