Greater Philadelphia Hispanic Chamber of Commerce

Analysis

Greater Philadelphia Hispanic Chamber of Commerce is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Greater Philadelphia Hispanic Chamber of Commerce reported income of $1.3m and spending of $884k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $675k to $1.3m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Greater Philadelphia Hispanic Chamber of Commerce sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Yeshiva Zichron Mayir ($1.3m), World for Jesus Ministries Inc ($1.3m) and Saline Area Social Services Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $184k (21% of expenses). Other salaries and wages came to $261k. At year end it held assets of $1.3m against liabilities of $110k, net assets of $1.2m. It reported 7 employees.