Centro Hispano Inc

Analysis

Centro Hispano Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in March 1984, 42 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 December 2023, Centro Hispano Inc reported income of $12.6m and spending of $3.5m, leaving 72% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $12.6m (+700%), an average of +68% a year. The sharpest change came in the year to December 2022, when income rose by 157%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Hispano Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within WI. Charities of a similar size with the same main cause include Kensington Community Corporation for Individual Dignity ($12.6m), Asian American Federation Inc ($12.6m) and Heartland Center for Behavioral Change ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $153k (4.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $19.6m against liabilities of $2.0m, net assets of $17.6m. It reported 51 employees.