Hogar de Envejecientes Ciriaco Sanchaz Inc

Analysis

Hogar de Envejecientes Ciriaco Sanchaz Inc is a registered charity in United States, based in Moca, PR. It received its IRS tax-exemption ruling in October 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hogar de Envejecientes Ciriaco Sanchaz Inc reported income of $515k and spending of $536k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $526k to $515k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hogar de Envejecientes Ciriaco Sanchaz 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 71st percentile, and in the 56th percentile within PR. Charities of a similar size with the same main cause include Normandy House Inc ($515k), Shenango Treetops Inc ($516k) and Darlington Elderly Housing Inc ($515k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 74% of the total. Compensation of current officers, directors and key employees was $22k (4.1% of expenses). Other salaries and wages came to $191k. At year end it held assets of $219k against liabilities of $500k, net assets of -$281k. It reported 27 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.