Honduras Development Network

Analysis

Honduras Development Network is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in November 2003, 23 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, Honduras Development Network reported income of $157k and spending of $166k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $157k (+2.6%), an average of +0.6% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 106% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Honduras Development Network sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Uganda Village Project ($157k), Ayas Ark Inc ($157k) and Los Angelitos Orphanage Foundation Inc ($157k).

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 $23k against liabilities of -$2,489, net assets of $25k.

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.