HDLC

Analysis

HDLC is a registered charity in United States, based in Cumberland, MD. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, HDLC reported income of $556k and spending of $641k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $521k to $556k (+6.7%), an average of +1.6% a year. The sharpest change came in the year to December 2020, when income rose by 106%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, HDLC sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Guerin Inc ($556k), Dyer Co Fair Assn ($556k) and Keren Yeshua Vreiza Inc ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 74% of the total. Other salaries and wages came to $457k. At year end it held assets of $693k against liabilities of $5,677, net assets of $687k. It reported 26 employees.