Spanish Speaking Elderly Council - Raices Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs
Spanish Speaking Elderly Council - Raices Inc is a 501(c)(3) organization based in Brooklyn, New York, registered in 1988, with $3,816,751 in FY2024 revenue. CharityIndex grades it B.
460 Atlantic Ave, Brooklyn, NY, 11217 EIN 11-2730462 Since 1988
Revenue (FY2024)
$3.8M
▲ 2.9% vs prior year
Expenses (FY2024)
$3.8M
Net assets
$551K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Spanish Speaking Elderly Council - Raices Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Spanish Speaking Elderly Council - Raices Inc: 2 mo reserves · +1% margin earns a B on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Spanish Speaking Elderly Council - Raices Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Spanish Speaking Elderly Council - Raices Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $2.7M (FY2013) to $3.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.9MNet assets $551K
Operating margin
0.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.5M
Total liabilities
$1.9M
Net assets
$551K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,816,751▲2.9% | $3,795,307▲5.0% | $550,536▲4.1% | $2,469,087▲5.8% | 990 |
| 2023 | $3,708,605▲6.0% | $3,614,382▲8.1% | $529,092▲21.7% | $2,333,584▼6.0% | 990 |
| 2022 | $3,497,237▲5.3% | $3,342,551▲3.9% | $434,869▲55.2% | $2,481,729▲162% | 990 |
| 2021 | $3,320,048▲14.3% | $3,217,183▲13.8% | $280,183▲58.0% | $947,855▲40.5% | 990 |
| 2020 | $2,904,425▼5.9% | $2,827,229▼6.9% | $177,318▲77.1% | $674,566▼27.9% | 990 |
| 2019 | $3,085,011▼1.1% | $3,037,071▼1.3% | $100,122▲91.9% | $935,670▼0.5% | 990 |
| 2018 | $3,119,979▼9.3% | $3,077,474▼2.8% | $52,182▲439% | $940,396▲17.1% | 990 |
| 2017 | $3,441,635▲11.0% | $3,166,726▲2.7% | $9,677▲104% | $802,787▲51.5% | 990 |
| 2016 | $3,099,632▲4.0% | $3,084,971▲8.4% | -$265,232▲5.2% | $530,040▼3.9% | 990 |
| 2015 | $2,980,103▲0.2% | $2,847,175▼4.9% | -$279,893▲32.2% | $551,312▼10.2% | 990 |
| 2014 | $2,973,545▲10.4% | $2,994,725▲8.2% | -$412,821▼5.4% | $613,635▲52.5% | 990 |
| 2013 | $2,693,728 | $2,768,384▼2.6% | -$391,641▼23.6% | $402,270▼19.0% | 990 |
| 2012 | — | $2,841,481 | -$316,985 | $496,699 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $452K total
14 grants to Spanish Speaking Elderly Council - Raices Inc totaling $452K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hispanic Federation Inc | Event | 2024 | $87,512 |
| Hispanic Federation Inc | Food assistance | 2023 | $55,939 |
| Hispanic Federation Inc | Sponsorship 45th annual gala | 2023 | $10,000 |
| Hispanic Federation Inc | Covid 19 emergency assistance | 2022 | $25,000 |
| Hispanic Federation Inc | Latino core grant | 2022 | $20,000 |
| Hispanic Federation Inc | Hunger relief | 2022 | $12,109 |
| United Jewish Appeal Federation of Jewish Philanthropies of Ny Inc | Caring | 2020 | $7,000 |
| Hispanic Federation Inc | Discretionary grant | 2019 | $10,000 |
| Hispanic Federation Inc | Non profit stabilization fund | 2018 | $45,000 |
| Hispanic Federation Inc | Non profit stabilization fund 25% & final payment of grant fy17 core gala sponshorship | 2017 | $62,842 |
| Hispanic Federation Inc | Nsf & core grant | 2016 | $41,750 |
| Hispanic Federation Inc | Discretionary grant | 2015 | $43,250 |
| Good360 | To assist those in need | 2015 | $6,054 |
| Hispanic Federation Inc | Discretionary grant | 2014 | $25,500 |
Frequently asked questions
- Is Spanish Speaking Elderly Council - Raices Inc a legitimate nonprofit?
- Yes. Spanish Speaking Elderly Council - Raices Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 11-2730462, based in Brooklyn, New York. Donations are tax-deductible.
- What is Spanish Speaking Elderly Council - Raices Inc's EIN?
- Spanish Speaking Elderly Council - Raices Inc's Employer Identification Number (EIN) is 11-2730462.
- How much revenue does Spanish Speaking Elderly Council - Raices Inc report?
- Spanish Speaking Elderly Council - Raices Inc reported $3,816,751 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Spanish Speaking Elderly Council - Raices Inc have?
- CharityIndex grades Spanish Speaking Elderly Council - Raices Inc B, based on financial health (reserves and operating margin).
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Data for Spanish Speaking Elderly Council - Raices Inc (EIN 11-2730462) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.