Mid-Penninsula Hermanas Inc

Analysis

Mid-Penninsula Hermanas Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mid-Penninsula Hermanas Inc reported income of $619k and spending of $997k, spending 161% of what it took in. The sharpest change came in the year to December 2021, when income rose by 4016200%. Over the whole period it spent 164% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid-Penninsula Hermanas Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Greater Raleigh Chamber of Commerce Community Development Foundation ($619k), Njcpa Scholarship Fund ($619k) and The Palms Retirement Center Inc ($619k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 104% of the total. Other salaries and wages came to $36k. At year end it held assets of $54.7m against liabilities of $55.6m, net assets of -$948k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.