Sociedad Latina Inc

Analysis

Sociedad Latina Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Sociedad Latina Inc reported income of $4.2m and spending of $2.6m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.2m (+63%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 55%. Over the whole period it spent 61% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sociedad Latina Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Boys and Girls Clubs of Greater Conejo Valley Inc ($4.2m), Carmel Dads Club Inc ($4.2m) and Champion Ministries Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $189k (7.4% of expenses). Other salaries and wages came to $787k. At year end it held assets of $11.9m against liabilities of $1.2m, net assets of $10.7m. It reported 84 employees.