Centro Latino of Shelbyville Incorporated

Analysis

Centro Latino of Shelbyville Incorporated is a registered charity in United States, based in Shelbyville, KY. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Centro Latino of Shelbyville Incorporated reported income of $295k and spending of $325k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $247k to $295k (+19%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 579%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centro Latino of Shelbyville Incorporated sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within KY. Charities of a similar size with the same main cause include American Financial Stewardship Foundation ($295k), I Am Voices Inc ($295k) and Daily Bread Community Kitchen ($295k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $84k. At year end it held assets of $257k against liabilities of $2,938, net assets of $254k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.