Hogar Crea International of New Jersey Inc

Analysis

Hogar Crea International of New Jersey Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Hogar Crea International of New Jersey Inc reported income of $620k and spending of $801k, spending 129% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $532k to $620k (+16%), an average of +5.2% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 122% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hogar Crea International of New Jersey Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Horse and Buddy Therapeutic Riding Program ($619k), Scottish Rite Clinic for Childhood Language Disorders of St Louis Inc ($620k) and Rhode Island Developmental Disabilities Council ($619k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $47k. At year end it held assets of $145k against liabilities of $274k, net assets of -$128k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.