Adelante Hispanic Achievers Inc
Adelante Hispanic Achievers Inc shows recent financial surplus and consistent asset growth after a prior year deficit.
EIN: 202267012 · Louisville, KY · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $178K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $40,000 |
| Net Assets | $103K |
| Transparency Score | 88/100 |
Is Adelante Hispanic Achievers Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Adelante Hispanic Achievers Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Adelante Hispanic Achievers Inc
Adelante Hispanic Achievers Inc (EIN: 202267012) is a nonprofit organization based in Louisville, KY, classified under NTEE code O50. The organization reported total revenue of $230K and total assets of $106K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adelante Hispanic Achievers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adelante Hispanic Achievers Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $178K |
| Surplus / Deficit | +$51K |
| Total Assets | $106K |
| Total Liabilities | $3K |
| Net Assets | $103K |
| Operating Margin | 22.4% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2024, Adelante Hispanic Achievers Inc reported a surplus of $51K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Adelante Hispanic Achievers Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +40.6% | -11.6% | +91.7% |
| 2023 | -29.4% | -1.2% | -38.5% |
| 2022 | +86.9% | +3.3% | +43.0% |
| 2021 | -36.4% | +15.9% | -54.0% |
| 2020 | +27.8% | +55.3% | +21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Adelante Hispanic Achievers Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Adelante Hispanic Achievers Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for a nonprofit of its size with revenues ranging from approximately $40,000 to $230,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Adelante Hispanic Achievers Inc:
- Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
- Positive financial surplus in the latest reporting period (202406), with revenue of $229,721 exceeding expenses of $178,247.
- Healthy asset growth, with assets increasing from $55,385 in 202306 to $106,147 in 202406.
- Low liabilities ($2,897 in 202406), suggesting sound financial management and minimal debt.
- Extensive filing history (14 filings), demonstrating strong transparency and accountability.
Frequently Asked Questions about Adelante Hispanic Achievers Inc
Is Adelante Hispanic Achievers Inc a legitimate charity?
Adelante Hispanic Achievers Inc (EIN: 202267012) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 88/100. It has 14 years of IRS 990 filings on record. Total revenue: $230K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Adelante Hispanic Achievers Inc spend its money?
Adelante Hispanic Achievers Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Adelante Hispanic Achievers Inc tax-deductible?
Adelante Hispanic Achievers Inc is registered as a tax-exempt nonprofit (EIN: 202267012). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Adelante Hispanic Achievers Inc CEO make?
Adelante Hispanic Achievers Inc's highest-compensated officer earns $40,000 annually. The organization reported $230K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Adelante Hispanic Achievers Inc's spending goes to programs?
Adelante Hispanic Achievers Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Adelante Hispanic Achievers Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Adelante Hispanic Achievers Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Adelante Hispanic Achievers Inc located?
Adelante Hispanic Achievers Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 202267012. It is classified under NTEE code O50.
How many years of IRS 990 filings does Adelante Hispanic Achievers Inc have?
Adelante Hispanic Achievers Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $230K in total revenue.
Is Adelante Hispanic Achievers Inc a good charity?
Based on the available financial data, Adelante Hispanic Achievers Inc appears to be a good charity. It consistently files its IRS 990s, reports 0% officer compensation, and has shown recent financial surpluses and asset growth, indicating responsible financial management.
How has the organization's financial health changed over time?
The organization has experienced fluctuations in revenue and expenses, but generally maintains a stable financial position. After a deficit in 202306 (expenses $201,701 vs. revenue $163,409), it achieved a surplus in 202406 (revenue $229,721 vs. expenses $178,247), demonstrating resilience and improved financial performance.
What is the trend in the organization's assets?
Adelante Hispanic Achievers Inc has shown a positive trend in asset growth, increasing from $55,385 in 202306 to $106,147 in 202406. This indicates a strengthening financial foundation and capacity.
Filing History
IRS 990 filing history for Adelante Hispanic Achievers Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Adelante Hispanic Achievers Inc's revenue has grown by 390.2%, moving from $47K to $230K. Total assets increased by 205.8% over the same period, from $35K to $106K. Total functional expenses rose by 245.6%, from $52K to $178K. In its most recent filing year (2024), Adelante Hispanic Achievers Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $3K in liabilities against $106K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $103K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $230K | $178K | $106K | $3K | — | — |
| 2023 | $163K | $202K | $55K | $4K | — | View 990 |
| 2022 | $231K | $204K | $90K | $0 | — | View 990 |
| 2021 | $124K | $198K | $63K | $0 | — | View 990 |
| 2020 | $195K | $170K | $137K | $0 | — | View 990 |
| 2019 | $152K | $110K | $113K | $0 | — | View 990 |
| 2018 | $120K | $93K | $70K | $0 | — | View 990 |
| 2017 | $40K | $57K | $43K | $0 | — | View 990 |
| 2016 | $94K | $97K | $60K | $0 | — | View 990 |
| 2015 | $72K | $81K | $63K | $0 | — | View 990 |
| 2014 | $102K | $68K | $71K | $0 | — | View 990 |
| 2013 | $78K | $56K | $37K | $0 | — | View 990 |
| 2012 | $29K | $47K | $16K | $0 | — | View 990 |
| 2011 | $47K | $52K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $230K, expenses of $178K, and assets of $106K (revenue +40.6% year-over-year).
- 2023: Revenue of $163K, expenses of $202K, and assets of $55K (revenue -29.4% year-over-year).
- 2022: Revenue of $231K, expenses of $204K, and assets of $90K (revenue +86.9% year-over-year).
- 2021: Revenue of $124K, expenses of $198K, and assets of $63K (revenue -36.4% year-over-year).
- 2020: Revenue of $195K, expenses of $170K, and assets of $137K (revenue +27.8% year-over-year).
- 2019: Revenue of $152K, expenses of $110K, and assets of $113K (revenue +26.4% year-over-year).
- 2018: Revenue of $120K, expenses of $93K, and assets of $70K (revenue +201.6% year-over-year).
- 2017: Revenue of $40K, expenses of $57K, and assets of $43K (revenue -57.5% year-over-year).
- 2016: Revenue of $94K, expenses of $97K, and assets of $60K (revenue +29.8% year-over-year).
- 2015: Revenue of $72K, expenses of $81K, and assets of $63K (revenue -29.3% year-over-year).
- 2014: Revenue of $102K, expenses of $68K, and assets of $71K (revenue +32.1% year-over-year).
- 2013: Revenue of $78K, expenses of $56K, and assets of $37K (revenue +171.3% year-over-year).
- 2012: Revenue of $29K, expenses of $47K, and assets of $16K (revenue -39.0% year-over-year).
- 2011: Revenue of $47K, expenses of $52K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adelante Hispanic Achievers Inc:
Data Sources and Methodology
This transparency report for Adelante Hispanic Achievers Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.