Hispanic Chamber of Commerce of Wisconsin Inc

Analysis

Hispanic Chamber of Commerce of Wisconsin Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in January 2000, 26 years ago. 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 December 2023, Hispanic Chamber of Commerce of Wisconsin Inc reported income of $207k and spending of $268k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $380k to $207k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 841%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic Chamber of Commerce of Wisconsin Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within WI. Charities of a similar size with the same main cause include Byram Archibald Neighborhood Center Trust Inc ($207k), Justice Housing Yakima ($207k) and Porta Community Unit School District No 202 Foundation ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $187k (70% of expenses). Other salaries and wages came to $6,770. At year end it held assets of $2.9m against liabilities of $631k, net assets of $2.2m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.