Spanish American Center Inc

Analysis

Spanish American Center Inc is a registered charity in United States, based in Leominster, MA. It received its IRS tax-exemption ruling in September 1982, 44 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 June 2023, Spanish American Center Inc reported income of $1.7m and spending of $2.0m, spending 118% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $567k to $1.7m (+194%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 268%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Spanish American Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Hawaii Food Technology Center ($1.7m), Hope Street Group ($1.7m) and New Mexico Teen Challenge ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $700k. At year end it held assets of $1.6m against liabilities of $720k, net assets of $904k. It reported 30 employees.