Hispanic Alliance of Southeastern Connecticut Inc

Analysis

Hispanic Alliance of Southeastern Connecticut Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hispanic Alliance of Southeastern Connecticut Inc reported income of $234k and spending of $213k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $234k (+16%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanic Alliance of Southeastern Connecticut Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Lift Up Atlanta Inc ($234k), Net Resource Foundation ($234k) and Pro-Choice NC Foundation ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $48k (23% of expenses). Other salaries and wages came to $40k. At year end it held assets of $268k against liabilities of $7,466, net assets of $261k. It reported 4 employees.