Center for Latino Progress Connecticut Puerto Rican Forum Inc

Analysis

Center for Latino Progress Connecticut Puerto Rican Forum Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in June 1994, 32 years ago. Its declared purposes cover unknown, 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 June 2023, Center for Latino Progress Connecticut Puerto Rican Forum Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.6m (+9.8%), an average of +2.4% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Center for Latino Progress Connecticut Puerto Rican Forum Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include University of Louisville TR ($1.6m), Cherokee County Historical Society Inc ($1.6m) and Peace Early Learning Center Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Other salaries and wages came to $641k. At year end it held assets of $1.0m against liabilities of $79k, net assets of $921k. It reported 20 employees.