Community Credit Lab

Organization Overview

Community Credit Lab is located in Seattle, WA. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 09/2022, Community Credit Lab employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Credit Lab 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 09/2022, Community Credit Lab generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 65.4% each year . All expenses for the organization totaled $905.1k during the year ending 09/2022. While expenses have increased by 69.9% per year over the past 3 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT EQUITABLE ACCESS TO ECONOMIC OPPORTUNITIES FOR IMMIGRANTS, REFUGEES, LOW-INCOME, MARGINALIZED, AND UNDERSERVED COMMUNITIES IN KING COUNTY AND THE UNITED STATES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DESIGN AND MANAGEMENT OF AFFORDABLE LENDING PROGRAMS THAT SEEK TO INCREASE ECONOMIC EQUALITY FOR COMMUNITIES FACING DISCRIMINATION.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,278,947
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,278,947
Total Program Service Revenue$82,870
Investment income $2,260
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 $1,364,814

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Community Credit Lab has recieved totaling $331,500.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$100,500
Washington Womens Foundation

Seattle, WA

PURPOSE: HUMAN SERVICES

$100,000
Becu Foundation

Tukwila, WA

PURPOSE: MOMENTUM GRANTS

$50,000
The Seattle Foundation

Seattle, WA

PURPOSE: TO PROVIDE GENERAL SUPPORT; HOUSING AND FINANCIAL SECURITY OF LOW-INCOME SENIORS

$35,000
Amalgamated Charitable Foundation Inc

Washington, DC

PURPOSE: General operating support

$25,000
Cedarmere Foundation

Seattle, WA

PURPOSE: SUPPORT OUTSOURCING FOR LOAN PRE-QUALIFICATION AND SERVICING

$15,000
View Grant Recipient Profile

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