Hombres de Palabra Men of Their Word Inc

Analysis

Hombres de Palabra Men of Their Word Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Hombres de Palabra Men of Their Word Inc reported income of $252k and spending of $241k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $285k to $252k (-11%), an average of -11% a year. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hombres de Palabra Men of Their Word 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 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include International Cornerstone Ministries ($252k), Victorious Life Church ($252k) and Heaven Rules Ministries Inc ($252k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of -$8,946 against liabilities of $0, net assets of -$8,946.