Bay Area Hispano Institute for Advancement

Analysis

Bay Area Hispano Institute for Advancement is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Bay Area Hispano Institute for Advancement reported income of $1.9m and spending of $2.0m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $1.9m (+5.0%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bay Area Hispano Institute for Advancement sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Vincent Mastro Montessori Academy Inc ($1.9m), Special Operations Fund ($1.9m) and Dutchess Community College Foundation Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $160k (8.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.5m against liabilities of $1.0m, net assets of $455k. It reported 35 employees.