Hispanic Association of Atlantic County

Analysis

Hispanic Association of Atlantic County is a registered charity in United States, based in Atlantic City, NJ. It received its IRS tax-exemption ruling in July 2021, 5 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, Hispanic Association of Atlantic County reported income of $104k and spending of $93k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $123k to $104k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hispanic Association of Atlantic County sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Linden Hills Neighborhood Council ($104k), Junior Auxiliary of Laurel Mississippi Inc ($104k) and Junior League of South Bend Incorporated ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $586, net assets of $45k.