Congressional Hispanic Caucus Institute Inc

Analysis

Congressional Hispanic Caucus Institute Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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 December 2023, Congressional Hispanic Caucus Institute Inc reported income of $12.8m and spending of $12.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $12.8m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Congressional Hispanic Caucus Institute Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Retirement Ranches Inc ($12.8m), Jeffco Action Center Inc ($12.8m) and Arc of Frederick County Inc ($12.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $531k (4.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $27.9m against liabilities of $1.8m, net assets of $26.1m. It reported 157 employees.