Fudep Fomenta El Desarrollo Humano Corp

Analysis

Fudep Fomenta El Desarrollo Humano Corp is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Fudep Fomenta El Desarrollo Humano Corp reported income of $300k and spending of $370k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $161k to $300k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 198% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fudep Fomenta El Desarrollo Humano Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within FL. Charities of a similar size with the same main cause include Sai Help Foundation ($300k), Step of Faith Ministry Inc ($300k) and Havserve Volunteer Service Network Havserve Inc ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $154k against liabilities of $1,656, net assets of $152k.