Fundacion Hermanos de LA Calle Inc

Analysis

Fundacion Hermanos de LA Calle Inc is a registered charity in United States, based in Key Biscayne, FL. It received its IRS tax-exemption ruling in May 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 December 2023, Fundacion Hermanos de LA Calle Inc reported income of $2.0m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $2.0m (+701%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacion Hermanos de LA Calle Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Senior Citizens of Kodiak ($2.0m), Park Avenue Thrift Inc ($2.0m) and Disability Network Wayne County- Detroit ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $86k (5.2% of expenses). Other salaries and wages came to $434k. At year end it held assets of $490k against liabilities of $62k, net assets of $428k. It reported 16 employees.