Hispanos Unidos de Buffalo Incorporated

Analysis

Hispanos Unidos de Buffalo Incorporated is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 1986, 40 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, Hispanos Unidos de Buffalo Incorporated reported income of $3.8m and spending of $4.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.8m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanos Unidos de Buffalo Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Heritage Christian Services Foundation Inc ($3.8m), Beyond Emancipation ($3.8m) and Inland Caregiver Resource Center ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $2.1m against liabilities of $1.5m, net assets of $633k. It reported 57 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.