Hispanic Entrepreneur Initiative Inc

Analysis

Hispanic Entrepreneur Initiative Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in December 2019, 7 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hispanic Entrepreneur Initiative Inc reported income of $99k and spending of $98k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $217k to $99k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hispanic Entrepreneur Initiative Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Wassaic Fire Company Inc ($99k), Hustisford Community Hall Association Incorporated ($99k) and Earthrise Enterprises Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.