Hoc Realty

Analysis

Hoc Realty is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hoc Realty reported income of $102k and spending of $132k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $102k (-13%), an average of -13% a year. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hoc Realty sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Rotary Club of St Cloud Inc ($102k), Wells Academy Inc ($102k) and Ccedc Two Inc ($102k).

Other salaries and wages came to $44k. At year end it held assets of $62k against liabilities of $5,231, net assets of $57k.