Centro Communitario Hispano- Americano

Analysis

Centro Communitario Hispano- Americano is a registered charity in United States, based in Brevard, NC. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Centro Communitario Hispano- Americano reported income of $146k and spending of $99k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $146k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Centro Communitario Hispano- Americano sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Blossoms of Hope the Howard County Cherry Tree Project Inc ($146k), Mac Admins Foundation ($146k) and Dress for Success Dallas ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $868, net assets of $87k.