Hogar Abrazo de Amor Inc

Analysis

Hogar Abrazo de Amor Inc is a registered charity in United States, based in Arecibo, PR. It received its IRS tax-exemption ruling in February 2010, 16 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 Abrazo de Amor Inc reported income of $740k and spending of $581k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $656k to $740k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hogar Abrazo de Amor Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 63rd percentile within PR. Charities of a similar size with the same main cause include Hibiscus Childrens Center Foundation Inc ($740k), To Be Like Me ($740k) and Young Womens Christian Association ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $262k. At year end it held assets of $899k against liabilities of $2,170, net assets of $897k. It reported 18 employees.