LA Promesa Honduras Inc

Analysis

LA Promesa Honduras Inc is a registered charity in United States, based in Jersey, GA. It received its IRS tax-exemption ruling in August 2018, 8 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, LA Promesa Honduras Inc reported income of $254k and spending of $249k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $170k to $254k (+50%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Promesa Honduras Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include Barbara Trader ($254k), Oak Hill Development Incorporation ($254k) and Elevations-A Childrens Therapy Resource Foundation ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $103k (41% of expenses). At year end it held assets of $17k against liabilities of $0, net assets of $17k.