Foundation for Hispanic Education

Analysis

Foundation for Hispanic Education is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. 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, Foundation for Hispanic Education reported income of $19.6m and spending of $18.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.3m to $19.6m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2020, when income dropped by 33%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Hispanic Education sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Childrens Center the Childrens Center Utah ($19.6m), West Virginia Association of Rehabilitation Facilities Inc ($19.7m) and New Heritage Towers ($19.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $225k (1.2% of expenses). Other salaries and wages came to $9.9m. At year end it held assets of $40.0m against liabilities of $31.0m, net assets of $9.0m. It reported 196 employees.