Coalition for Hispanic Family Ser

Analysis

Coalition for Hispanic Family Ser is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1991, 35 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, Coalition for Hispanic Family Ser reported income of $33.6m and spending of $32.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $21.6m to $33.6m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coalition for Hispanic Family Ser sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Liberty Resources Inc ($33.5m), Humboldt Senior Resource Center Incorporated ($33.6m) and Montverde Academy ($33.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $264k (0.8% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $16.1m against liabilities of $8.8m, net assets of $7.4m. It reported 555 employees.