Local Government Hispanic Network

Analysis

Local Government Hispanic Network is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Local Government Hispanic Network reported income of $433k and spending of $249k, leaving 42% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $248k to $433k (+74%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 124%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Local Government Hispanic Network sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Empty Tomb ($433k), Community Concerts of Fayetteville Incorporated ($433k) and Newburgh Jewish Community Center Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 39% of the total. At year end it held assets of $264k against liabilities of $34k, net assets of $230k.