Hogar Hispano Inc

Analysis

Hogar Hispano Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Hispano Inc reported income of $409k and spending of $1.2m, spending 292% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $409k (-91%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hogar Hispano Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Cat Spring Agricultural Society ($409k), Peace at Home ($409k) and Esarc Inc ($409k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 64% of the total. Compensation of current officers, directors and key employees was $166k (14% of expenses). Other salaries and wages came to $241k. At year end it held assets of $4.2m against liabilities of $604k, net assets of $3.6m. It reported 6 employees.