Hromada

Analysis

Hromada is a registered charity in United States, based in San Francisco, CA. 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, Hromada reported income of $214k and spending of $226k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $540k to $214k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hromada sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Sue Peters Fnda for Girls of Character Courage and Confidence M ($214k), Lincoln Hills Foundation ($214k) and Just Have Faith International ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,000 (0.9% of expenses). At year end it held assets of $46k against liabilities of $0, net assets of $46k.