Hispanic Leadership Initiative

Analysis

Hispanic Leadership Initiative is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2012, 14 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 June 2024, Hispanic Leadership Initiative reported income of $131k and spending of $139k, spending 106% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $174k to $131k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Hispanic Leadership Initiative sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include 2remain1 Ministries ($131k), West Africa Mission Mobilization Project ($132k) and Woven Ministry ($131k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (18% of expenses). Other salaries and wages came to $15k. At year end it held assets of $38k against liabilities of $0, net assets of $38k. It reported 1 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.