Hogar de LA Promesa

Analysis

Hogar de LA Promesa is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Hogar de LA Promesa reported income of $293k and spending of $305k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $313k to $293k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 118% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hogar de LA Promesa sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Grow Ahead Foundation ($293k), Malawi Childrens Initiative ($294k) and Global Partners for Development Inc ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $23k, net assets of $109k.