Hispanic Contractors Association Of The Carolinas Inc
Hispanic Contractors Association Of The Carolinas Inc shows strong revenue growth and no officer compensation in its latest filing, despite past financial fluctuations.
EIN: 205793719 · Charlotte, NC · NTEE: R990 · Updated: 2026-03-28
Is Hispanic Contractors Association Of The Carolinas Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hispanic Contractors Association Of The Carolinas Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hispanic Contractors Association Of The Carolinas Inc
Hispanic Contractors Association Of The Carolinas Inc (EIN: 205793719) is a nonprofit organization based in Charlotte, NC, classified under NTEE code R990. The organization reported total revenue of $495K and total assets of $201K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hispanic Contractors Association Of The Carolinas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hispanic Contractors Association Of The Carolinas Inc with a Mission Score of 85 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, Hispanic Contractors Association Of The Carolinas 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.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size and mission.
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.
Red Flags
The following concerns were identified during AI analysis of Hispanic Contractors Association Of The Carolinas Inc's IRS 990 filings:
- Inconsistent asset base over time, indicating potential lack of stable reserves.
- Multiple years with expenses exceeding revenue (e.g., 2022, 2021, 2019, 2016, 2015) suggest past operational challenges.
Strengths
The following positive indicators were identified for Hispanic Contractors Association Of The Carolinas Inc:
- Consistent 0% officer compensation across all filings, demonstrating strong volunteer leadership and efficient use of funds.
- Significant revenue growth and a healthy surplus in the latest filing (2023: Revenue $466,738, Expenses $412,710).
- Positive net income in several periods, including the most recent, indicating financial sustainability when managed effectively.
Frequently Asked Questions about Hispanic Contractors Association Of The Carolinas Inc
Is Hispanic Contractors Association Of The Carolinas Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hispanic Contractors Association Of The Carolinas Inc (EIN: 205793719) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Hispanic Contractors Association Of The Carolinas Inc spend its money?
Hispanic Contractors Association Of The Carolinas Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hispanic Contractors Association Of The Carolinas Inc tax-deductible?
Hispanic Contractors Association Of The Carolinas Inc is registered as a tax-exempt nonprofit (EIN: 205793719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hispanic Contractors Association Of The Carolinas Inc a good charity?
Based on the available data, particularly the consistent 0% officer compensation and the strong revenue growth and surplus in the latest filing (2023: Revenue $466,738, Expenses $412,710), the organization appears to be a good charity. Its commitment to volunteer leadership and recent financial health are positive indicators.
How has the organization's financial stability changed over time?
The organization's financial stability has been volatile. While the latest period (2023) shows strong revenue and a surplus, there have been multiple years where expenses exceeded revenue (e.g., 2022, 2021, 2019, 2016, 2015), and asset levels have fluctuated significantly, indicating periods of financial strain.
What is the trend in the organization's assets?
The organization's assets have shown significant fluctuation, from a high of $95,193 in 2020 to a low of $6,131 in 2022, before recovering to $64,462 in 2023. This indicates an inconsistent accumulation of reserves or significant asset utilization/disposal in certain periods.
Filing History
IRS 990 filing history for Hispanic Contractors Association Of The Carolinas Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hispanic Contractors Association Of The Carolinas Inc's revenue has grown by 347.4%, moving from $104K to $467K. Total assets increased by 349.9% over the same period, from $14K to $64K. Total functional expenses rose by 358.6%, from $90K to $413K. In its most recent filing year (2023), Hispanic Contractors Association Of The Carolinas Inc reported a surplus of $54K, with revenue exceeding expenses. The organization holds $17K in liabilities against $64K in assets (debt-to-asset ratio: 26.2%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $467K | $413K | $64K | $17K | — | — |
| 2022 | $123K | $149K | $6K | $13K | — | View 990 |
| 2021 | $97K | $173K | $30K | $11K | — | View 990 |
| 2020 | $158K | $66K | $95K | $222 | — | — |
| 2019 | $121K | $125K | $4K | $558 | — | View 990 |
| 2018 | $99K | $97K | $7K | $196 | — | View 990 |
| 2017 | $98K | $94K | $5K | $0 | — | View 990 |
| 2016 | $151K | $168K | $969 | $645 | — | View 990 |
| 2015 | $173K | $203K | $20K | $2K | — | View 990 |
| 2014 | $196K | $192K | $50K | $2K | — | View 990 |
| 2013 | $183K | $167K | $46K | $3K | — | View 990 |
| 2012 | $136K | $121K | $28K | $889 | — | View 990 |
| 2011 | $104K | $90K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $467K, expenses of $413K, and assets of $64K (revenue +279.4% year-over-year).
- 2022: Revenue of $123K, expenses of $149K, and assets of $6K (revenue +26.5% year-over-year).
- 2021: Revenue of $97K, expenses of $173K, and assets of $30K (revenue -38.4% year-over-year).
- 2020: Revenue of $158K, expenses of $66K, and assets of $95K (revenue +30.2% year-over-year).
- 2019: Revenue of $121K, expenses of $125K, and assets of $4K (revenue +22.2% year-over-year).
- 2018: Revenue of $99K, expenses of $97K, and assets of $7K (revenue +1.2% year-over-year).
- 2017: Revenue of $98K, expenses of $94K, and assets of $5K (revenue -35.1% year-over-year).
- 2016: Revenue of $151K, expenses of $168K, and assets of $969 (revenue -12.3% year-over-year).
- 2015: Revenue of $173K, expenses of $203K, and assets of $20K (revenue -11.9% year-over-year).
- 2014: Revenue of $196K, expenses of $192K, and assets of $50K (revenue +7.1% year-over-year).
- 2013: Revenue of $183K, expenses of $167K, and assets of $46K (revenue +34.0% year-over-year).
- 2012: Revenue of $136K, expenses of $121K, and assets of $28K (revenue +30.7% year-over-year).
- 2011: Revenue of $104K, expenses of $90K, and assets of $14K.
Data Sources and Methodology
This transparency report for Hispanic Contractors Association Of The Carolinas 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.