Hispanic Association on Corporate Responsibility

Analysis

Hispanic Association on Corporate Responsibility is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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 on Corporate Responsibility reported income of $5.5m and spending of $5.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $5.5m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanic Association on Corporate Responsibility sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 81st percentile within DC. Charities of a similar size with the same main cause include SSM Health Foundation St Louis ($5.5m), Mount Pleasant Home ($5.5m) and Represent US Education Fund ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $501k (8.7% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.0m against liabilities of $2.8m, net assets of $3.1m. It reported 18 employees.