Hispanic Coalition of Greater Waterbury Inc

Analysis

Hispanic Coalition of Greater Waterbury Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in June 1993, 33 years ago. 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, Hispanic Coalition of Greater Waterbury Inc reported income of $2.8m and spending of $2.6m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.8m (+112%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic Coalition of Greater Waterbury Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include New England Water Works Association Inc ($2.8m), Bikes Not Bombs Inc ($2.8m) and St Johns Hospice ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (4.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.1m against liabilities of $612k, net assets of $498k. It reported 42 employees.