Hispanic Scholars Program

Analysis

Hispanic Scholars Program is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Hispanic Scholars Program reported income of $295k and spending of $156k, leaving 47% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $234k to $295k (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 52% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hispanic Scholars Program sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Blue Jean Services of Dallas County Inc ($295k), Quba Center ($295k) and Fullness of Glory Ministries ($295k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $22k (14% of expenses). At year end it held assets of $1.8m against liabilities of $7,190, net assets of $1.8m. It reported 1 employees.