Connecticut Association of Latin Americans in Higher Education Inc

Analysis

Connecticut Association of Latin Americans in Higher Education Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in November 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Connecticut Association of Latin Americans in Higher Education Inc reported income of $99k and spending of $32k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $85k to $99k (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 43% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Connecticut Association of Latin Americans in Higher Education Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within CT. Charities of a similar size with the same main cause include Association for Social Economics ($99k), Northwest Flyers Incorporated ($99k) and Little League Baseball Inc ($99k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 8.5% of the total. At year end it held assets of $689k against liabilities of $0, net assets of $689k.