The Michigan Hispanic Collaborative

Analysis

The Michigan Hispanic Collaborative is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2016, 10 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 December 2023, The Michigan Hispanic Collaborative reported income of $2.3m and spending of $1.6m, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $2.3m (+97%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Michigan Hispanic Collaborative sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Student Housing Village Corporation ($2.3m), American Heritage Education Foundation ($2.3m) and Peruna Holdings Corporation ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $157k (10% of expenses). At year end it held assets of $3.3m against liabilities of $189k, net assets of $3.1m. It reported 11 employees.