Hispanic Information & Telecommunications Network Inc
Hispanic Information & Telecommunications Network Inc faces persistent operating deficits despite a recent large revenue spike.
EIN: 133112110 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $258.6M |
| Total Expenses | $18.6M |
| Program Spending | 70% |
| Net Assets | $62.7M |
| Transparency Score | 45/100 |
Is Hispanic Information & Telecommunications Network Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hispanic Information & Telecommunications Network Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hispanic Information & Telecommunications Network Inc
Hispanic Information & Telecommunications Network Inc (EIN: 133112110) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $258.6M and total assets of $254.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hispanic Information & Telecommunications Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hispanic Information & Telecommunications Network Inc is a major nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $18.6M |
| Surplus / Deficit | $-12,150,319 |
| Total Assets | $67.2M |
| Total Liabilities | $4.5M |
| Net Assets | $62.7M |
| Operating Margin | -189.8% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 43.5 months |
Financial Health Grade: B
In 2023, Hispanic Information & Telecommunications Network Inc reported a deficit of $12.2M with expenses exceeding revenue, holds 43.5 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Hispanic Information & Telecommunications Network Inc's revenue has declined at a compound annual growth rate (CAGR) of -20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | +4.7% | -16.4% |
| 2022 | -18.5% | +9.3% | -13.4% |
| 2021 | +56.3% | -10.5% | -9.4% |
| 2020 | -22.0% | -1.9% | -10.2% |
| 2019 | +35.8% | -11.3% | -10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Hispanic Information & Telecommunications Network Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Hispanic Information & Telecommunications Network Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual expenses in the tens of millions and suggests either uncompensated leadership or compensation reported under other expense categories.
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 Information & Telecommunications Network Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Hispanic Information & Telecommunications Network Inc:
- 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.
Frequently Asked Questions about Hispanic Information & Telecommunications Network Inc
Is Hispanic Information & Telecommunications Network Inc a legitimate charity?
Hispanic Information & Telecommunications Network Inc (EIN: 133112110) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 45/100. It has 12 years of IRS 990 filings on record. Total revenue: $258.6M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Hispanic Information & Telecommunications Network Inc spend its money?
Hispanic Information & Telecommunications Network Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Hispanic Information & Telecommunications Network Inc tax-deductible?
Hispanic Information & Telecommunications Network Inc is registered as a tax-exempt nonprofit (EIN: 133112110). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hispanic Information & Telecommunications Network Inc's spending goes to programs?
Hispanic Information & Telecommunications Network Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Hispanic Information & Telecommunications Network Inc located?
Hispanic Information & Telecommunications Network Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 133112110.
How many years of IRS 990 filings does Hispanic Information & Telecommunications Network Inc have?
Hispanic Information & Telecommunications Network Inc has 12 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 $258.6M in total revenue.
How does Hispanic Information & Telecommunications Network Inc sustain operations with consistent annual deficits, such as the $12.1 million deficit in 2023?
The organization appears to be drawing down its assets to cover operating expenses, as indicated by the decline in total assets from $153.6 million in 2016 to $67.2 million in 2023, alongside persistent revenue shortfalls relative to expenses.
What is the nature of the $258,625,427 'Latest Revenue' figure, and how does it relate to the typical annual revenues of $3-7 million?
This significant revenue figure is an outlier compared to historical trends and requires further investigation to determine if it represents a one-time event, a major grant, or a change in reporting, as it dramatically contrasts with the organization's usual financial performance.
Why is officer compensation consistently reported as 0% across all available IRS 990 filings?
The consistent reporting of 0% officer compensation is unusual for an organization of this scale and suggests that executive compensation might be categorized differently, or that key leadership roles are genuinely unpaid, which would be a rare operational model.
What is the organization's strategy to address the declining asset base and achieve financial sustainability?
The continuous decline in assets, from $153.6 million in 2016 to $67.2 million in 2023, indicates a need for a clear strategy to reverse this trend and ensure long-term financial health, especially given the ongoing operating deficits.
Filing History
IRS 990 filing history for Hispanic Information & Telecommunications Network Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Hispanic Information & Telecommunications Network Inc's revenue has declined by 91.5%, moving from $75.2M to $6.4M. Total assets decreased by 16.9% over the same period, from $80.9M to $67.2M. Total functional expenses rose by 53.4%, from $12.1M to $18.6M. In its most recent filing year (2023), Hispanic Information & Telecommunications Network Inc reported a deficit of $12.2M, with expenses exceeding revenue. The organization holds $4.5M in liabilities against $67.2M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $62.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $18.6M | $67.2M | $4.5M | — | — |
| 2022 | $5.7M | $17.7M | $80.4M | $5.5M | — | View 990 |
| 2021 | $7.0M | $16.2M | $92.8M | $4.1M | — | View 990 |
| 2020 | $4.5M | $18.1M | $102.4M | $5.4M | — | — |
| 2019 | $5.7M | $18.4M | $114.1M | $4.1M | — | View 990 |
| 2018 | $4.2M | $20.8M | $126.8M | $4.9M | — | View 990 |
| 2017 | $3.0M | $16.9M | $141.4M | $1.8M | — | — |
| 2016 | $96.1M | $16.2M | $153.6M | $1.2M | — | View 990 |
| 2015 | $18.1M | $13.1M | $74.3M | $1.9M | — | View 990 |
| 2014 | $7.5M | $12.9M | $68.8M | $1.2M | — | View 990 |
| 2013 | $17.2M | $15.1M | $74.3M | $1.3M | — | View 990 |
| 2012 | $75.2M | $12.1M | $80.9M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $18.6M, and assets of $67.2M (revenue +12.1% year-over-year).
- 2022: Revenue of $5.7M, expenses of $17.7M, and assets of $80.4M (revenue -18.5% year-over-year).
- 2021: Revenue of $7.0M, expenses of $16.2M, and assets of $92.8M (revenue +56.3% year-over-year).
- 2020: Revenue of $4.5M, expenses of $18.1M, and assets of $102.4M (revenue -22.0% year-over-year).
- 2019: Revenue of $5.7M, expenses of $18.4M, and assets of $114.1M (revenue +35.8% year-over-year).
- 2018: Revenue of $4.2M, expenses of $20.8M, and assets of $126.8M (revenue +39.8% year-over-year).
- 2017: Revenue of $3.0M, expenses of $16.9M, and assets of $141.4M (revenue -96.8% year-over-year).
- 2016: Revenue of $96.1M, expenses of $16.2M, and assets of $153.6M (revenue +431.1% year-over-year).
- 2015: Revenue of $18.1M, expenses of $13.1M, and assets of $74.3M (revenue +141.8% year-over-year).
- 2014: Revenue of $7.5M, expenses of $12.9M, and assets of $68.8M (revenue -56.6% year-over-year).
- 2013: Revenue of $17.2M, expenses of $15.1M, and assets of $74.3M (revenue -77.1% year-over-year).
- 2012: Revenue of $75.2M, expenses of $12.1M, and assets of $80.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hispanic Information & Telecommunications Network Inc:
Data Sources and Methodology
This transparency report for Hispanic Information & Telecommunications Network 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.