Foundation for Latin American

Analysis

Foundation for Latin American is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in May 1970, 56 years ago. 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, Foundation for Latin American reported income of $341k and spending of $374k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $341k (+2.5%), an average of +0.6% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Latin American sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include Historic Bluffton Foundation ($341k), Road Runners Club of America ($341k) and Rochester Community House Inc ($341k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $186k against liabilities of $956k, net assets of -$769k.

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.