Hispanic Unity of Florida Inc

Analysis

Hispanic Unity of Florida Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in March 1984, 42 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, Hispanic Unity of Florida Inc reported income of $7.9m and spending of $8.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic Unity of Florida Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Lodi Memorial Hospital Foundation Inc ($7.9m), MDC Inc ($7.9m) and Habitat for Humanity Greater Orlando and Osceola County Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $462k (5.7% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $5.6m against liabilities of $1.0m, net assets of $4.6m. It reported 275 employees.