Hogar Colinas Verdes Inc

Analysis

Hogar Colinas Verdes Inc is a registered charity in United States, based in Hatillo, PR. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Colinas Verdes Inc reported income of $752k and spending of $488k, leaving 35% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $396k to $752k (+90%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hogar Colinas Verdes Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 64th percentile within PR. Charities of a similar size with the same main cause include Sherrill-Kenwood Community Retirement Housing Corporation ($752k), Pha Housing Development Ltd ($752k) and St Timothy Manor Inc ($752k).

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 $217k. At year end it held assets of $976k against liabilities of $6,678, net assets of $969k. It reported 27 employees.