Is Hispanic Information & Telecommunications Network Inc Legit?
Quick charity verification for Hispanic Information & Telecommunications Network Inc (EIN: 133112110)
Verdict: Hispanic Information & Telecommunications Network Inc shows mixed signals
45/100Mission Score
$258.6MRevenue
$254.4MAssets
4Red Flags
2Strengths
Red Flags
Consistent operating deficits, with expenses significantly exceeding revenue (e.g., $18.5M expenses vs. $6.4M revenue in 2023).
Declining asset base over several years, from $153.6 million in 2016 to $67.2 million in 2023.
Unexplained discrepancy between 'Latest Revenue' ($258.6M) and historical annual revenues (typically $3-7M).
0% reported officer compensation across all filings, which is unusual for an organization of this size and expense level.
Strengths
Relatively low liabilities compared to assets (e.g., $4.4M liabilities vs. $67.2M assets in 2023).
Long history of IRS 990 filings (12 filings), indicating consistent reporting.
Spending Breakdown
How Hispanic Information & Telecommunications Network Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Hispanic Information & Telecommunications Network Inc
Is Hispanic Information & Telecommunications Network Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hispanic Information & Telecommunications Network Inc (EIN: 133112110) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Hispanic Information & Telecommunications Network Inc a good charity to donate to?
Hispanic Information & Telecommunications Network Inc has a Mission Score of 45/100. Revenue: $258.6M. Assets: $254.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hispanic Information & Telecommunications Network Inc?
The Employer Identification Number (EIN) for Hispanic Information & Telecommunications Network Inc is 133112110. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Hispanic Information & Telecommunications Network Inc spend its money?
Hispanic Information & Telecommunications Network Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hispanic Information & Telecommunications Network Inc's tax-exempt status?
You can verify Hispanic Information & Telecommunications Network Inc's tax-exempt status using EIN 133112110 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Hispanic Information & Telecommunications Network Inc (HITN) exhibits a concerning financial trend with consistent operating deficits over the past several years, as evidenced by expenses significantly exceeding revenue. For example, in 2023, expenses were $18,552,658 against revenue of $6,402,339, and similar patterns are observed in prior years. While the organization reported a substantial 'Latest Revenue' of $258,625,427, this figure appears to be an outlier compared to its historical annual revenues, which typically range from $3 million to $7 million, with the exception of 2016's $96 million. This discrepancy warrants further investigation to understand the nature of this large revenue spike and its impact on the organization's long-term sustainability.
The organization's asset base has shown a general decline from a high of $153,625,016 in 2016 to $67,228,879 in 2023, while liabilities have remained relatively low. The consistent operating losses suggest that the organization may be drawing down its assets to cover expenses. The absence of reported officer compensation across all available filings indicates a potential strength in managing executive costs, or it could suggest that compensation is reported under different categories or that key leadership roles are unpaid, which would be unusual for an organization of this size. Further clarity on the allocation of expenses (program, administrative, fundraising) is needed to fully assess spending efficiency.
Overall, HITN's financial health appears precarious due to persistent operating deficits. While the lack of reported officer compensation is positive, the significant gap between annual revenue and expenses, coupled with declining assets, raises questions about its long-term viability and funding model. The large 'Latest Revenue' figure needs to be reconciled with historical trends to provide a complete picture of its financial standing and transparency.