El Puente Hispano

Analysis

El Puente Hispano is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in March 2018, 8 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 June 2023, El Puente Hispano reported income of $117k and spending of $90k, leaving 23% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income grew from $59k to $117k (+99%), an average of +41% a year. The sharpest change came in the year to June 2021, when income rose by 271%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, El Puente Hispano sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include 50 50 Startups Inc ($117k), Institute of Transportation Engineers North Carolina Section ($117k) and Arab American Friendship Center ($117k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.