Hogar Forjadores de Esperanza Inc

Analysis

Hogar Forjadores de Esperanza Inc is a registered charity in United States, based in Bayamon, PR. It received its IRS tax-exemption ruling in July 2003, 23 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 2024, Hogar Forjadores de Esperanza Inc reported income of $347k and spending of $286k, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $395k to $347k (-12%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income dropped by 44%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hogar Forjadores de Esperanza Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 47th percentile within PR. Charities of a similar size with the same main cause include White River Womens Shelter Inc ($347k), Hooks for Heroes ($347k) and Genesis Project Inc ($347k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $31k (11% of expenses). Other salaries and wages came to $66k. At year end it held assets of $664k against liabilities of $35k, net assets of $630k. It reported 8 employees.