Hacienda Community Development Corporation

Analysis

Hacienda Community Development Corporation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 1988, 38 years ago. 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 June 2023, Hacienda Community Development Corporation reported income of $32.5m and spending of $11.7m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $32.5m (+459%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 116%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hacienda Community Development Corporation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within OR. Charities of a similar size with the same main cause include Samaritan House ($32.5m), University of Chicago Self Insurance Trust ($32.6m) and Habitat for Humanity of Pinellas ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $338k (2.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $63.6m against liabilities of $22.9m, net assets of $40.7m. It reported 78 employees.