Hispanic League

Analysis

Hispanic League is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Hispanic League reported income of $428k and spending of $510k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $428k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hispanic League sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include Museum of Automobiles Inc ($428k), Summit County Historical Society of Akron Ohio ($428k) and Vedic Preservation Initiative ($428k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 113% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $81k (16% of expenses). Other salaries and wages came to $125k. At year end it held assets of $364k against liabilities of $75k, net assets of $289k. It reported 6 employees.