Indiana Latino Institute Inc

Analysis

Indiana Latino Institute Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2002, 24 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, Indiana Latino Institute Inc reported income of $2.8m and spending of $1.7m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $937k to $2.8m (+201%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Indiana Latino Institute Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Saugatuck Center for the Arts Inc ($2.8m), West Tennessee Public TV Council Inc ($2.8m) and College Art Association of America Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $170k (10% of expenses). Other salaries and wages came to $454k. At year end it held assets of $4.3m against liabilities of $214k, net assets of $4.1m. It reported 16 employees.