Honduras Educational Development Assistance Corp NFP

Analysis

Honduras Educational Development Assistance Corp NFP is a registered charity in United States, based in Hometown, IL. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Honduras Educational Development Assistance Corp NFP reported income of $159k and spending of $163k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $159k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Honduras Educational Development Assistance Corp NFP sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Braintree Holidays Friends Inc ($159k), Hope Station Opportunity Area Neighborhood Council ($159k) and Negotiation Works ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. At year end it held assets of $318k against liabilities of $0, net assets of $318k.