Society of Hispanic Professional Engineers

Analysis

Society of Hispanic Professional Engineers is a registered charity in United States, based in Rowland Heights, CA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Society of Hispanic Professional Engineers reported income of $14.2m and spending of $14.1m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $9.2m to $14.2m (+55%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Society of Hispanic Professional Engineers sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Eastside College Preparatory School Inc ($14.2m), Institute for Effective Education ($14.2m) and Laborers District CNCL of the Metro Area of Philadelhia & Vicinity ($14.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $1.2m (8.2% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $10.4m against liabilities of $4.1m, net assets of $6.3m. It reported 38 employees.