Concilio de Organizaciones Hispanas

Analysis

Concilio de Organizaciones Hispanas is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1970, 56 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, Concilio de Organizaciones Hispanas reported income of $8.4m and spending of $7.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $8.4m (+136%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Concilio de Organizaciones Hispanas sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include American Theological Library Assoc ($8.4m), Ferris Foundation ($8.4m) and Fannie and John Hertz Foundation ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $149k (1.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $5.7m against liabilities of $3.0m, net assets of $2.7m. It reported 134 employees.