Hispanic Metropolitan Chamber of Commerce

Analysis

Hispanic Metropolitan Chamber of Commerce is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in March 2000, 26 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 Metropolitan Chamber of Commerce reported income of $1.4m and spending of $1.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $968k to $1.4m (+46%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hispanic Metropolitan Chamber of Commerce sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within OR. Charities of a similar size with the same main cause include Innovation Works Inc ($1.4m), Indianapolis Neighborhood Resource Center Inc ($1.4m) and West Jacksonville Restoration Center Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $121k (7.8% of expenses). Other salaries and wages came to $596k. At year end it held assets of $1.3m against liabilities of $673k, net assets of $601k. It reported 16 employees.