Latham Centers Inc

Analysis

Latham Centers Inc is a registered charity in United States, based in Brewster, MA. It received its IRS tax-exemption ruling in December 1978, 48 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Latham Centers Inc reported income of $28.4m and spending of $25.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.9m to $28.4m (+43%), an average of +9.4% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latham Centers Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Chesapeake Bay Trust ($28.4m), Shore Up Inc ($28.4m) and Hopes Community Action Partnership Incorporated ($28.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $488k (1.9% of expenses). Other salaries and wages came to $14.8m. At year end it held assets of $24.0m against liabilities of $12.0m, net assets of $12.0m. It reported 303 employees.