Avenida Espana HDC Inc

Analysis

Avenida Espana HDC Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 1992, 34 years ago. 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, Avenida Espana HDC Inc reported income of $633k and spending of $471k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $421k to $633k (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 92%. Over the whole period it spent 116% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Avenida Espana HDC Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Meigs Industries ($633k), Action for Equity Inc ($633k) and Sundial Elderly Housing Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. At year end it held assets of $9.6m against liabilities of $12.3m, net assets of -$2.8m.