Hispanic American Community Education and Services Inc

Analysis

Hispanic American Community Education and Services Inc is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in March 2006, 20 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 June 2023, Hispanic American Community Education and Services Inc reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $470k to $1.3m (+185%), an average of +30% a year. The sharpest change came in the year to June 2020, when income rose by 42%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hispanic American Community Education and Services Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Pike County Young Mens Christian Association ($1.3m), Chasdei Nochum Inc ($1.3m) and Lutheran Brethren Homes Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $80k (6.5% of expenses). Other salaries and wages came to $465k. At year end it held assets of $792k against liabilities of $145k, net assets of $646k. It reported 17 employees.