Frente Hispano Local 79 Inc

Analysis

Frente Hispano Local 79 Inc is a registered charity in United States, based in Richmond Hill, NY. It received its IRS tax-exemption ruling in January 2015, 11 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, Frente Hispano Local 79 Inc reported income of $66k and spending of $63k, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $179k to $66k (-63%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 64%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Frente Hispano Local 79 Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Taney County 100 Club ($66k), Hub Civic Center Inc ($66k) and Westwood Village Rotary Club Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.