Hispanic Multi Purpose Service Center

Analysis

Hispanic Multi Purpose Service Center is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in April 1991, 35 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 2024, Hispanic Multi Purpose Service Center reported income of $674k and spending of $535k, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $349k to $674k (+93%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanic Multi Purpose Service Center sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Vision Centre Leadership Development for Aging Services ($674k), Camp Fatima of New Jersey Inc ($674k) and International Society of Beverage Technologists ($674k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $13k (2.4% of expenses). Other salaries and wages came to $161k. At year end it held assets of $752k against liabilities of $12k, net assets of $740k. It reported 10 employees.