Centro Hispano de East Tennessee

Analysis

Centro Hispano de East Tennessee is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 2005, 21 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 June 2023, Centro Hispano de East Tennessee reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $438k to $1.7m (+280%), an average of +40% a year. The sharpest change came in the year to June 2020, when income rose by 73%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Hispano de East Tennessee sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Gods Dogs Rescue ($1.7m), Angelas House Foundation ($1.7m) and Make a Way Cpa Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (5.0% of expenses). Other salaries and wages came to $881k. At year end it held assets of $1.6m against liabilities of $278k, net assets of $1.4m. It reported 49 employees.