Hispanic Resource Center of Larchmont Mamaroneck Inc

Analysis

Hispanic Resource Center of Larchmont Mamaroneck Inc is a registered charity in United States, based in Mamaroneck, NY. It received its IRS tax-exemption ruling in January 2000, 26 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 December 2023, Hispanic Resource Center of Larchmont Mamaroneck Inc reported income of $2.2m and spending of $1.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.2m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanic Resource Center of Larchmont Mamaroneck Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Bethesda Foundation for Children ($2.2m), Columbus Family Y Inc ($2.2m) and Community Coordinated Child Care of St Joseph County Incorporated 3517 ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $106k (6.4% of expenses). Other salaries and wages came to $686k. At year end it held assets of $4.4m against liabilities of $76k, net assets of $4.3m. It reported 18 employees.