Hispanic American Organization Inc

Analysis

Hispanic American Organization Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Hispanic American Organization Inc reported income of $4.0m and spending of $3.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.0m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic American Organization Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include North Suburban Young Mens Christian Association ($4.0m), Hospitaler Sisters of Mercy ($4.0m) and American Psychoanalytic Association ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $283k (7.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $4.3m against liabilities of $1.6m, net assets of $2.7m. It reported 38 employees.