Hispanic Center of Western Michigan Inc

Analysis

Hispanic Center of Western Michigan Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 1980, 46 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 Center of Western Michigan Inc reported income of $3.4m and spending of $3.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $3.4m (+157%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 103%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanic Center of Western Michigan Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Affordable Residences in Chesterfield II ($3.4m), Storehouse New Mexico ($3.4m) and 1332 Fulton Avenue Day Care Center Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $116k (3.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.9m against liabilities of $506k, net assets of $2.4m. It reported 69 employees.