Hispanics in Philanthropy

Analysis

Hispanics in Philanthropy is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 1987, 39 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 December 2023, Hispanics in Philanthropy reported income of $15.1m and spending of $18.9m, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.5m to $15.1m (-2.9%), an average of -0.7% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hispanics in Philanthropy 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 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Ascension Living St Francis Place ($15.1m), Mendocino Coast Clinics Inc ($15.1m) and Jewish Vocational & Career Counseling Service ($15.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $730k (3.9% of expenses). Other salaries and wages came to $3.3m. It paid $138k in professional fundraising fees. At year end it held assets of $25.9m against liabilities of $5.4m, net assets of $20.4m. It reported 43 employees.