Hispanic Real Estate Brokers Association Inc

Analysis

Hispanic Real Estate Brokers Association Inc is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hispanic Real Estate Brokers Association Inc reported income of $50k and spending of $50k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $50k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hispanic Real Estate Brokers Association Inc sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include Honolulu House Inc ($50k), Fort Hill Housing Inc ($50k) and Homes for Manheim ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.