Online Lendier Alliance
Public records raise at least one point you should look into before giving.
What it says it does
ONLINE LENDERS ALLIANCE (OLA) IS A PROFESSIONAL TRADE ASSOCIATION REPRESENTING THE GROWING INDUSTRY OF ONLINE LENDERS. OLA IS VESTED IN THE SUCCESS OF ITS MEMBER COMPANIES AND THEIR CUSTOMERS IN ALL MATTERS RELATED TO ONLINE FINANCIAL SERVICES. OUR MISSION IS TO PROMOTE A DIVERSE AND RESPONSIBLE MARKETPLACE FOR ACCESS TO INNOVATIVE ONLINE FINANCIAL SERVICES THROUGH INDUSTRY SOLUTIONS TO ENSURE THE SAFETY AND SECURITY OF ONLINE TRANSACTIONS; AND EDUCATION, COMMUNICATION, COLLABORATION AND ADVOCACY WITH POLICY MAKERS AND OPINION LEADERS. OLA MEMBER COMPANIES ABIDE BY COMPREHENSIVE BEST PRACTICES AND A CODE OF CONDUCT.
- Income
- $7.9 million
- Spending
- $6.9 million
- Employees
- 7
- Volunteers
- 20
- Highest pay
- $545,383, chief execut
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $5.3 million spent. THE ONLINE LENDERS ALLIANCE (OLA), THE CENTER FOR LENDING, TECHNOLOGY AND INNOVATION, REPRESENTS THE GROWING INDUSTRY OF COMPANIES OFFERING LOANS ONLINE. OLA MEMBERS ABIDE BY A LIST OF BEST PRACTICES AND A CODE OF CONDUCT TO ENSURE THEIR CUSTOMERS ARE FULLY INFORMED AND FAIRLY TREATED.
- $1.6 million spent. OLA CONFERENCES PROVIDE A FORUM FOR INFORMATION SHARING AND COLLABORATION AMONGST ONLINE LENDING PROFESSIONALS AROUND THE WORLD. THE CONFERENCES PROVIDE THE OPPORTUNITY TO CONNECT WITH INDUSTRY LEADERS, CONDUCT BUSINESS, LEARN NEW STRATEGIES TO DRIVE CHANGE IN THE INDUSTRY AND LEARN ABOUT INNOVATIVE PRODUCTS TO BETTER SERVE CUSTOMERS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.