Centro Hispano Daniel Torres Inc

Analysis

Centro Hispano Daniel Torres Inc is a registered charity in United States, based in Reading, PA. It received its IRS tax-exemption ruling in June 1978, 48 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 Daniel Torres Inc reported income of $3.2m and spending of $2.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.2m (+114%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 59%. 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, Centro Hispano Daniel Torres Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Nathan Adelson Hospice Foundation Inc ($3.2m), Sunshine Social Services Inc ($3.2m) and Overlake Service League ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $256k (8.9% of expenses). Other salaries and wages came to $735k. At year end it held assets of $4.8m against liabilities of $2.8m, net assets of $2.0m. It reported 43 employees.