Hispanic Management Organization Inc

Analysis

Hispanic Management Organization Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hispanic Management Organization Inc reported income of $493k and spending of $282k, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $388k to $493k (+27%), an average of +6.2% a year. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hispanic Management Organization Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Brodys Be Cafe LLC ($492k), American Golf Foundation ($493k) and Cedar Riverside Neighborhood Revitalization Program ($492k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $65k (23% of expenses). At year end it held assets of $4.5m against liabilities of $48k, net assets of $4.4m. It reported 1 employees.