Hola Ohio

Analysis

Hola Ohio is a registered charity in United States, based in Painesville, OH. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hola Ohio reported income of $436k and spending of $358k, spending 82% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $523k to $436k (-17%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 232%. Over the whole period it spent 45% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hola Ohio sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Faith Works Community Coalition ($436k), Lyndale Neighborhood Association ($436k) and Blac Inc ($436k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $86k (24% of expenses). Other salaries and wages came to $91k. At year end it held assets of $2.7m against liabilities of $444k, net assets of $2.3m. It reported 8 employees.