Hispanic Society of America

Analysis

Hispanic Society of America is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1956, 70 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Hispanic Society of America reported income of $6.0m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.6m to $6.0m (-8.8%), an average of -2.3% a year. The sharpest change came in the year to September 2020, when income rose by 62%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hispanic Society of America sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include First Peoples Fund ($6.0m), Manhattan Community Access Corporation ($6.0m) and Maymont Foundation ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 80% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $648k (11% of expenses). Other salaries and wages came to $1.9m. It paid $11k in professional fundraising fees. At year end it held assets of $89.6m against liabilities of $1.6m, net assets of $88.0m. It reported 33 employees.