El Centro Hispano Inc

Analysis

El Centro Hispano Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, El Centro Hispano Inc reported income of $2.2m and spending of $679k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $940k to $2.2m (+133%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 188%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, El Centro Hispano Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Black Men Teach ($2.2m), Project Weber Renew ($2.2m) and VMRC Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $71k (10% of expenses). Other salaries and wages came to $208k. At year end it held assets of $6.3m against liabilities of $928k, net assets of $5.4m. It reported 19 employees.