Latino Legislative Caucus Foundation

Analysis

Latino Legislative Caucus Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Latino Legislative Caucus Foundation reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $629k to $1.5m (+145%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latino Legislative Caucus Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include New Ballet Ensemble ($1.5m), Embroiderers Guild of America Inc ($1.5m) and Massachusetts Fallen Heroes Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $84k. At year end it held assets of $303k against liabilities of $0, net assets of $303k. It reported 5 employees.