Haser Inc

Analysis

Haser Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Haser Inc reported income of $5.2m and spending of $1.4m, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $5.2m (+831%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Haser Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within PR. Charities of a similar size with the same main cause include Center for Regional Economic Competitiveness ($5.2m), Enterprise Center ($5.2m) and Nazareth Prep ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $125k (9.0% of expenses). Other salaries and wages came to $225k. At year end it held assets of $4.3m against liabilities of $208k, net assets of $4.1m. It reported 16 employees.