Comunidad Hispana de Wallingford Inc

Analysis

Comunidad Hispana de Wallingford Inc is a registered charity in United States, based in Wallingford, CT. It received its IRS tax-exemption ruling in April 1983, 43 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 2022, Comunidad Hispana de Wallingford Inc reported income of $435k and spending of $516k, spending 119% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $397k to $435k (+9.7%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Comunidad Hispana de Wallingford Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Montgomery County Christmas Store Incorporated ($435k), Kid Station at Heritage ($435k) and Poc Collaborative Community Resource Center ($435k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 82% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $63k (12% of expenses). Other salaries and wages came to $163k. At year end it held assets of $471k against liabilities of $221k, net assets of $251k. It reported 8 employees.