Latino Community Services

Analysis

Latino Community Services is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Community Services reported income of $186k and spending of $290k, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $186k (+9.0%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latino Community Services sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Sonshine Backpacks ($186k), The Alice Birney Parent Guild ($186k) and Solvang School Education Foundation ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $70k (24% of expenses). Other salaries and wages came to $125k. At year end it held assets of $395k against liabilities of $5,060, net assets of $390k. It reported 12 employees.