Hola Community Partners

Analysis

Hola Community Partners is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hola Community Partners reported income of $140k and spending of $1.6m, spending 1174% of what it took in. The sharpest change came in the year to June 2023, when income rose by 351%. Over the whole period it spent 478% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hola Community Partners sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Global Foundation for Dental & Mental Healthcare and Awareness in ($140k), University Venture Program - Crossroads Inc ($140k) and Sceptre Foundation Inc ($140k).

At year end it held assets of $18.0m against liabilities of $19.7m, net assets of -$1.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.