Hispanics in Energy

Analysis

Hispanics in Energy is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Hispanics in Energy reported income of $281k and spending of $344k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $300k to $281k (-6.4%), an average of -6.4% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hispanics in Energy sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Heat & Frost Insulators Local 19 Training Fund ($281k), Scarborough Economic Development Corp ($281k) and Reciprocity Collective ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $91k (26% of expenses). At year end it held assets of $37k against liabilities of $30k, net assets of $7,409.