Hispanic Professionals of Greater Milwaukee Inc

Analysis

Hispanic Professionals of Greater Milwaukee Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2006, 20 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 Professionals of Greater Milwaukee Inc reported income of $623k and spending of $774k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $623k (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hispanic Professionals of Greater Milwaukee Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Rehabilitation Enables Dreams ($623k), Volunteer Center of Lubbock Inc ($623k) and The Conscious Connect Redevelopment Corporation ($623k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $116k (15% of expenses). Other salaries and wages came to $230k. At year end it held assets of $696k against liabilities of $147k, net assets of $549k. It reported 4 employees.