Hogar Mis Primeros Pasos Inc

Analysis

Hogar Mis Primeros Pasos Inc is a registered charity in United States, based in Vega Alta, PR. It received its IRS tax-exemption ruling in August 2017, 9 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 Mis Primeros Pasos Inc reported income of $1.3m and spending of $786k, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $635k to $1.3m (+103%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hogar Mis Primeros Pasos Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 75th percentile within PR. Charities of a similar size with the same main cause include High Aspirations Incorporated ($1.3m), Handup Network ($1.3m) and Wood County Agricultural Society ($1.3m).

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 $45k (5.7% of expenses). Other salaries and wages came to $460k. At year end it held assets of $2.9m against liabilities of $133k, net assets of $2.8m. It reported 41 employees.