Hempstead Hispanic Civic Association Inc

Analysis

Hempstead Hispanic Civic Association Inc is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Hempstead Hispanic Civic Association Inc reported income of $471k and spending of $455k, spending 97% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $450k to $471k (+4.7%), an average of +1.5% a year. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hempstead Hispanic Civic Association Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Lawrence County Economic Growth Council Inc ($471k), Southern Mutual Help Association Inc ($471k) and Sports Biz Cares Ltd ($471k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $80k (18% of expenses). Other salaries and wages came to $117k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $20k. It reported 9 employees.