National Hispanic Institute Inc

Analysis

National Hispanic Institute Inc is a registered charity in United States, based in Maxwell, TX. It received its IRS tax-exemption ruling in October 1979, 47 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 August 2023, National Hispanic Institute Inc reported income of $2.0m and spending of $1.8m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.9m to $2.0m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to August 2021, when income rose by 54%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Hispanic Institute Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Lake Michigan Air Director Corsortium ($2.0m), Keystone Initiative for Network Based Education & Research ($2.0m) and Santa Monica RHF Housing Inc ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Other salaries and wages came to $538k. At year end it held assets of $748k against liabilities of $737k, net assets of $11k. It reported 14 employees.