Hispanic Family Center Southern NJ Inc

Analysis

Hispanic Family Center Southern NJ Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in February 1979, 47 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, Hispanic Family Center Southern NJ Inc reported income of $4.1m and spending of $4.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.1m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanic Family Center Southern NJ 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 Glasser-Schoenbaum Human Services Center Inc ($4.0m), Our House Incorporated ($4.1m) and Access of the Red River Valley Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $212k (4.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.8m against liabilities of $889k, net assets of $2.9m. It reported 61 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.