Hogar Crea Inc

Analysis

Hogar Crea Inc is a registered charity in United States, based in Saint Just, PR. It received its IRS tax-exemption ruling in September 1981, 45 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 June 2023, Hogar Crea Inc reported income of $8.2m and spending of $8.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.9m to $8.2m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2021, when income dropped by 24%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hogar Crea Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 91st percentile within PR. Charities of a similar size with the same main cause include Kings Rehabilitation Center Inc ($8.2m), Cumac Echo Inc ($8.2m) and Food and Nutrition Solutions ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $187k (2.2% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $28.5m against liabilities of $5.4m, net assets of $23.1m. It reported 254 employees.