Hogar Albergue Jesus de Nazaret

Analysis

Hogar Albergue Jesus de Nazaret is a registered charity in United States, based in Mayaguez, PR. 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 Albergue Jesus de Nazaret reported income of $992k and spending of $922k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $659k to $992k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hogar Albergue Jesus de Nazaret sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 70th percentile within PR. Charities of a similar size with the same main cause include Community Kitchens Inc ($992k), Omarjo Payee Services Inc ($992k) and Breastfeeding Task Force of Greater Los Angeles ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $533k. At year end it held assets of $1.5m against liabilities of $47k, net assets of $1.4m. It reported 44 employees.