Circulo de LA Hispanidad

Analysis

Circulo de LA Hispanidad is a registered charity in United States, based in Long Beach, NY. It received its IRS tax-exemption ruling in November 1980, 46 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 May 2023, Circulo de LA Hispanidad reported income of $4.0m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $4.5m to $4.0m (-12%), an average of -3.1% a year. The sharpest change came in the year to May 2022, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Circulo de LA Hispanidad sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Holy Cross Catholic High School ($4.0m), Boys and Girls Club of Evansville Inc ($4.0m) and Public Knowledge ($4.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $183k (4.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $95k. It reported 116 employees.