Centro Hispano De East Tennessee
Centro Hispano De East Tennessee shows strong financial growth and efficient spending with no reported officer compensation.
EIN: 203415545 · Knoxville, TN · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.6M |
| Program Spending | 97% |
| Net Assets | $1.4M |
| Transparency Score | 95/100 |
Is Centro Hispano De East Tennessee Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Centro Hispano De East Tennessee directs 97% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Centro Hispano De East Tennessee
Centro Hispano De East Tennessee (EIN: 203415545) is a nonprofit organization based in Knoxville, TN, classified under NTEE code P80. The organization reported total revenue of $1.9M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centro Hispano De East Tennessee's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centro Hispano De East Tennessee is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$43K |
| Total Assets | $1.6M |
| Total Liabilities | $278K |
| Net Assets | $1.4M |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Centro Hispano De East Tennessee reported a surplus of $43K with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Centro Hispano De East Tennessee's revenue has grown at a compound annual growth rate (CAGR) of 33.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | +41.1% | +20.7% |
| 2022 | +56.3% | +49.2% | +54.7% |
| 2021 | +41.9% | +38.6% | +53.7% |
| 2020 | +73.3% | +43.3% | +105.3% |
| 2019 | +42.9% | +36.7% | +22.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Centro Hispano De East Tennessee with a Mission Score of 95 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: 2%
- programs: 97%
- fundraising: 1%
According to IRS 990 filings, Centro Hispano De East Tennessee allocates its expenses as follows: admin: 2%, programs: 97%, fundraising: 1%. With 97% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers. This is a highly positive sign for transparency and ensures that resources are maximized for programmatic activities.
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 Centro Hispano De East Tennessee:
- Exceptional revenue growth (from $105,291 in 2014 to $1,665,448 in 2023)
- Highly efficient spending with expenses closely matching revenue (e.g., 97% of revenue spent in 2023)
- Consistent 0% officer compensation reported across all filings, indicating strong transparency and mission focus
- Healthy and growing asset base ($1,633,625 in 2023)
- Low liabilities relative to assets, suggesting sound financial management
Frequently Asked Questions about Centro Hispano De East Tennessee
Is Centro Hispano De East Tennessee a legitimate charity?
Centro Hispano De East Tennessee (EIN: 203415545) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Centro Hispano De East Tennessee spend its money?
Centro Hispano De East Tennessee directs 97% of its spending to programs and services. Fundraising costs 1%. This exceeds the 65% industry benchmark.
Are donations to Centro Hispano De East Tennessee tax-deductible?
Centro Hispano De East Tennessee is registered as a tax-exempt nonprofit (EIN: 203415545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Centro Hispano De East Tennessee's spending goes to programs?
Centro Hispano De East Tennessee directs 97% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Centro Hispano De East Tennessee compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Centro Hispano De East Tennessee is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Centro Hispano De East Tennessee located?
Centro Hispano De East Tennessee is headquartered in Knoxville, Tennessee and files with the IRS under EIN 203415545. It is classified under NTEE code P80.
How many years of IRS 990 filings does Centro Hispano De East Tennessee have?
Centro Hispano De East Tennessee has 13 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 $1.9M in total revenue.
Is Centro Hispano De East Tennessee a good charity?
Based on the provided IRS 990 data, Centro Hispano De East Tennessee appears to be a very good charity. They demonstrate strong financial growth, efficient spending (expenses closely match revenue, e.g., $1,622,190 expenses vs. $1,665,448 revenue in 2023), and exceptional transparency with 0% reported officer compensation.
How has the organization's revenue grown over time?
Centro Hispano De East Tennessee has experienced significant revenue growth, increasing from $105,291 in 2014 to $1,665,448 in 2023, representing over a 15-fold increase in less than a decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a commitment to directing all funds towards its mission rather than executive salaries.
Are the organization's assets growing?
Yes, the organization's assets have shown consistent growth, from $101,157 in 2014 to $1,633,625 in 2023, demonstrating increasing financial stability and capacity.
How efficient is Centro Hispano De East Tennessee in its spending?
The organization appears highly efficient. For example, in 2023, expenses were $1,622,190 against revenues of $1,665,448, meaning approximately 97% of revenue was spent, indicating a strong focus on deploying funds for its mission.
Filing History
IRS 990 filing history for Centro Hispano De East Tennessee showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Centro Hispano De East Tennessee's revenue has grown by 3044.7%, moving from $53K to $1.7M. Total assets increased by 3815.7% over the same period, from $42K to $1.6M. Total functional expenses rose by 14331%, from $11K to $1.6M. In its most recent filing year (2023), Centro Hispano De East Tennessee reported a surplus of $43K, with revenue exceeding expenses. The organization holds $278K in liabilities against $1.6M in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.6M | $1.6M | $278K | — | — |
| 2022 | $1.7M | $1.1M | $1.4M | $35K | — | View 990 |
| 2021 | $1.1M | $770K | $875K | $91K | — | — |
| 2020 | $759K | $556K | $569K | $93K | — | View 990 |
| 2019 | $438K | $388K | $277K | $4K | — | View 990 |
| 2018 | $307K | $284K | $226K | $3K | — | View 990 |
| 2017 | $192K | $232K | $200K | $0 | — | View 990 |
| 2016 | $150K | $160K | $242K | $2K | — | View 990 |
| 2015 | $228K | $77K | $251K | $184 | — | View 990 |
| 2014 | $105K | $64K | $101K | $1K | — | View 990 |
| 2013 | $54K | $32K | $55K | $0 | — | View 990 |
| 2012 | $17K | $27K | $32K | $0 | — | View 990 |
| 2011 | $53K | $11K | $42K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $1.6M (revenue -1.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.1M, and assets of $1.4M (revenue +56.3% year-over-year).
- 2021: Revenue of $1.1M, expenses of $770K, and assets of $875K (revenue +41.9% year-over-year).
- 2020: Revenue of $759K, expenses of $556K, and assets of $569K (revenue +73.3% year-over-year).
- 2019: Revenue of $438K, expenses of $388K, and assets of $277K (revenue +42.9% year-over-year).
- 2018: Revenue of $307K, expenses of $284K, and assets of $226K (revenue +60.0% year-over-year).
- 2017: Revenue of $192K, expenses of $232K, and assets of $200K (revenue +27.7% year-over-year).
- 2016: Revenue of $150K, expenses of $160K, and assets of $242K (revenue -34.1% year-over-year).
- 2015: Revenue of $228K, expenses of $77K, and assets of $251K (revenue +116.4% year-over-year).
- 2014: Revenue of $105K, expenses of $64K, and assets of $101K (revenue +93.3% year-over-year).
- 2013: Revenue of $54K, expenses of $32K, and assets of $55K (revenue +228.5% year-over-year).
- 2012: Revenue of $17K, expenses of $27K, and assets of $32K (revenue -68.7% year-over-year).
- 2011: Revenue of $53K, expenses of $11K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centro Hispano De East Tennessee:
Data Sources and Methodology
This transparency report for Centro Hispano De East Tennessee 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.