Latvian Foundation Inc

Analysis

Latvian Foundation Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Latvian Foundation Inc reported income of $242k and spending of $66k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $242k (+309%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 544%. Over the whole period it spent 39% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latvian Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within MO. Charities of a similar size with the same main cause include Four County Players Inc ($242k), Dawn Bible Students Association ($242k) and Diablo Symphony Association ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $1.4m against liabilities of $41k, net assets of $1.3m.