National Hispanic Council on Aging

Analysis

National Hispanic Council on Aging is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1986, 40 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, National Hispanic Council on Aging reported income of $1.8m and spending of $1.9m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $691k to $1.8m (+160%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Hispanic Council on Aging sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Heart of a Lion Foundation Inc ($1.8m), Young Mens Christian Association of Greene County Tennessee ($1.8m) and The Housing Fellowship ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $469k (25% of expenses). Other salaries and wages came to $490k. At year end it held assets of $743k against liabilities of $198k, net assets of $544k. It reported 7 employees.