Hispanic Counseling Center Inc

Analysis

Hispanic Counseling Center Inc is a registered charity in United States, based in Hempstead, NY. It received its IRS tax-exemption ruling in June 1984, 42 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 December 2023, Hispanic Counseling Center Inc reported income of $9.0m and spending of $9.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $9.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic Counseling Center Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Crossroad Child & Family Services Inc ($9.0m), Habitat for Humanity International Inc ($9.0m) and Southeast Rural Community Assistance Project Inc ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $188k (2.0% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $5.5m against liabilities of $3.6m, net assets of $1.9m. It reported 127 employees.