The Hana Center

Analysis

The Hana Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Hana Center reported income of $4.4m and spending of $3.2m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.4m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Hana Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include LA Semilla Food Center ($4.4m), Down Home Ranch Inc ($4.4m) and Moms Against Poverty ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $214k (6.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $6.9m against liabilities of $180k, net assets of $6.8m. It reported 62 employees.