Latino Hispanic American Community Center

Analysis

Latino Hispanic American Community Center is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2023, Latino Hispanic American Community Center reported income of $799k and spending of $311k, leaving 61% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $205k to $799k (+290%), an average of +40% a year. The sharpest change came in the year to March 2023, when income rose by 152%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Latino Hispanic American Community Center sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Obion County Joint Economic Development Corporation ($798k), Entrepreneur Development Center Southwest Tennessee Inc ($799k) and Main Street Skowhegan ($798k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 94% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $63k (20% of expenses). Other salaries and wages came to $88k. At year end it held assets of $656k against liabilities of $13k, net assets of $642k. It reported 13 employees.