Fresno Area Hispanic Foundation

Analysis

Fresno Area Hispanic Foundation is a registered charity in United States, based in Fresno, CA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Fresno Area Hispanic Foundation reported income of $6.7m and spending of $4.1m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $934k to $6.7m (+614%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 233%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fresno Area Hispanic Foundation 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 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include I2e Inc ($6.7m), Warren and Forest Counties Economic Opportunity Council ($6.7m) and Michigan Community Capital ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $358k (8.8% of expenses). Other salaries and wages came to $852k. At year end it held assets of $11.5m against liabilities of $3.5m, net assets of $8.0m. It reported 18 employees.