Latina Coalition of Silicon Valley

Analysis

Latina Coalition of Silicon Valley is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Latina Coalition of Silicon Valley reported income of $1.3m and spending of $812k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $505k to $1.3m (+155%), an average of +60% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latina Coalition of Silicon Valley sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Nicholas Wolff Foundation Inc ($1.3m), Camp Happy Days Inc ($1.3m) and Mini Cat Town Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $138k (17% of expenses). Other salaries and wages came to $283k. At year end it held assets of $1.1m against liabilities of $56k, net assets of $1.0m. It reported 12 employees.