Latin American Community Center Inc

Analysis

Latin American Community Center Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 1969, 57 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, Latin American Community Center Inc reported income of $8.1m and spending of $8.3m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $8.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latin American Community Center Inc 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 DE. Charities of a similar size with the same main cause include The Arc of Litchfield County Inc ($8.1m), Infrastructure Financial Services ($8.1m) and Change Inc ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $112k (1.3% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $18.3m against liabilities of $8.4m, net assets of $9.9m. It reported 213 employees.