Latino Medical Students Association

Analysis

Latino Medical Students Association is a registered charity in United States, based in San Gabriel, CA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2024, Latino Medical Students Association reported income of $93k and spending of $120k, spending 129% of what it took in. Across the 3 years on record, from June 2021 to June 2024, income grew from $41k to $93k (+125%), an average of +50% a year. The sharpest change came in the year to June 2024, when income rose by 77%. Over the whole period it spent 146% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Latino Medical Students Association sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Jax Hope Inc ($93k), Mac House Support Organization Inc ($93k) and Tee Off Against Corp ($93k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $106k against liabilities of $0, net assets of $106k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.