Midlands Latino Community Development Corporation

Analysis

Midlands Latino Community Development Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Midlands Latino Community Development Corporation reported income of $484k and spending of $528k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $484k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midlands Latino Community Development Corporation sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Career Connectors Network ($484k), Upstate New York Laborers Education & Training Funds TR ($484k) and Rotary Club of Toms River Charitable Foundation Inc ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Compensation of current officers, directors and key employees was $113k (21% of expenses). Other salaries and wages came to $132k. At year end it held assets of $755k against liabilities of $190k, net assets of $565k. It reported 4 employees.