Centro Hispano

Analysis

Centro Hispano is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Centro Hispano reported income of $1.2m and spending of $863k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $400k to $1.2m (+206%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 162%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Hispano sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within UT. Charities of a similar size with the same main cause include Ascension Providence Foundation ($1.2m), S a F E Harbour Inc ($1.2m) and One Small Step ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $78k (9.0% of expenses). Other salaries and wages came to $617k. At year end it held assets of $697k against liabilities of $29k, net assets of $668k. It reported 19 employees.