Focus Hispanic Center for Community Development Inc

Analysis

Focus Hispanic Center for Community Development Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in December 1975, 51 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, Focus Hispanic Center for Community Development Inc reported income of $3.9m and spending of $3.5m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Focus Hispanic Center for Community Development Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Association of Africans Living in Vermont ($3.9m), Tewa Women United ($3.9m) and Llirrafo Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $216k (6.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.4m against liabilities of $778k, net assets of $1.6m. It reported 67 employees.