International Progressive Hispanic Chamber of Commerce

Analysis

International Progressive Hispanic Chamber of Commerce is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, International Progressive Hispanic Chamber of Commerce reported income of $159k and spending of $158k, spending 99% of its income. Across the 2 years on record, from December 2020 to December 2023, income grew from $34k to $159k (+371%), an average of +371% a year. The sharpest change came in the year to December 2023, when income rose by 371%. 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, International Progressive Hispanic Chamber of Commerce sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include South Texas Youth Soccer Association ($159k), Residential Assistance to Families in Transition ($159k) and R Michael Rhoades Foundation ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $1,791 against liabilities of $0, net assets of $1,791.