Latino Community Fund of Washingtonstate

Analysis

Latino Community Fund of Washingtonstate is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Fund of Washingtonstate reported income of $8.3m and spending of $8.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $8.3m (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Community Fund of Washingtonstate sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Tennessee Childrens Home Inc ($8.3m), Decatur-Macon County Opportunities Corporation ($8.3m) and For the Girls ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $338k (4.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $7.6m against liabilities of $1.0m, net assets of $6.6m. It reported 27 employees.