LA Alianza Hispana Inc

Analysis

LA Alianza Hispana Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1971, 55 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, LA Alianza Hispana Inc reported income of $1.9m and spending of $1.7m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.9m (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Alianza Hispana Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Washington County Agricultural and Industrial Society Inc ($1.9m), Bronx Independent Living Services Inc ($1.9m) and Rapha Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $123k (7.2% of expenses). Other salaries and wages came to $578k. At year end it held assets of $2.5m against liabilities of $905k, net assets of $1.6m. It reported 19 employees.