Hispanic Educational Resources Inc

Analysis

Hispanic Educational Resources Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Hispanic Educational Resources Inc reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $851k to $1.4m (+61%), an average of +9.9% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hispanic Educational Resources 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 83rd percentile, and in the 84th percentile within IA. Charities of a similar size with the same main cause include Alaska Safety Alliance ($1.4m), Evanston Scholars ($1.4m) and Aspen Higher Learning Flight Academy Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $802k. At year end it held assets of $869k against liabilities of $83k, net assets of $786k. It reported 50 employees.