Hispanic American Council Incorporated

Analysis

Hispanic American Council Incorporated is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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 June 2023, Hispanic American Council Incorporated reported income of $5.4m and spending of $1.1m, leaving 80% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $874k to $5.4m (+518%), an average of +84% a year. The sharpest change came in the year to June 2023, when income rose by 679%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic American Council Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include North Carolina School of Science & Mathematics Foundation ($5.4m), Ohr Somayach International Inc ($5.4m) and Verde Valley School ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $61k (5.6% of expenses). Other salaries and wages came to $514k. At year end it held assets of $5.6m against liabilities of $127k, net assets of $5.4m. It reported 24 employees.