Hispanic-American Insitute Inc

Analysis

Hispanic-American Insitute Inc is a registered charity in United States, based in Rio Rancho, NM. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Hispanic-American Insitute Inc reported income of $1.4m and spending of $1.5m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $651k to $1.4m (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanic-American Insitute Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NM. Charities of a similar size with the same main cause include Sweetwater Spectrum Inc ($1.4m), Uplift Community Alliance ($1.4m) and Migrant and Immigrant Community Action Project ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $288k (19% of expenses). Other salaries and wages came to $280k. At year end it held assets of $292k against liabilities of $109k, net assets of $183k. It reported 9 employees.