Hermandad Los Angeles Economic & Community Development Corporation

Analysis

Hermandad Los Angeles Economic & Community Development Corporation is a registered charity in United States, based in North Hollywood, CA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Hermandad Los Angeles Economic & Community Development Corporation reported income of $281k and spending of $167k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $181k to $281k (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 156%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hermandad Los Angeles Economic & Community Development Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Boston Public Housing Corporation ($281k), Arp Manor - Mooresville Inc ($281k) and 1850 N Croskey Developmentcorporation ($281k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 84% of the total. Compensation of current officers, directors and key employees was $53k (32% of expenses). Other salaries and wages came to $29k. At year end it held assets of $852k against liabilities of $4,549, net assets of $847k. It reported 9 employees.