Spanish American Committee for a Better Community

Analysis

Spanish American Committee for a Better Community is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1969, 57 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 December 2023, Spanish American Committee for a Better Community reported income of $1.9m and spending of $1.5m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+78%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Spanish American Committee for a Better Community 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 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Mountain Resource Center Inc ($1.9m), Lawrence-Crawford Association for Exceptional Citizens ($1.9m) and Virginia Independence Training Organization ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $110k (7.1% of expenses). Other salaries and wages came to $748k. At year end it held assets of $2.0m against liabilities of $17k, net assets of $2.0m. It reported 36 employees.