Hmong American Center Inc

Analysis

Hmong American Center Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in February 1984, 42 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, Hmong American Center Inc reported income of $2.0m and spending of $1.5m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $122k to $2.0m (+1530%), an average of +101% a year. The sharpest change came in the year to December 2021, when income rose by 233%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hmong American Center Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Vermont Humanities Council ($2.0m), Coast Episcopal Schools Inc ($2.0m) and Colorado Lifted Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $80k (5.3% of expenses). Other salaries and wages came to $438k. At year end it held assets of $1.0m against liabilities of $497k, net assets of $504k. It reported 44 employees.