Virginia Hispanic Chamber Foundation Inc

Analysis

Virginia Hispanic Chamber Foundation Inc is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Virginia Hispanic Chamber Foundation Inc reported income of $461k and spending of $227k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $78k to $461k (+489%), an average of +56% a year. The sharpest change came in the year to December 2023, when income rose by 208%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Virginia Hispanic Chamber Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Teatro Audaz San Antonio ($461k), Art of Elan ($461k) and For the People by the People ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $101k (44% of expenses). It paid $9,750 in professional fundraising fees. At year end it held assets of $299k against liabilities of $58k, net assets of $241k.