Catholic Association of Latino Leaders Inc

Analysis

Catholic Association of Latino Leaders Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Catholic Association of Latino Leaders Inc reported income of $315k and spending of $413k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $345k to $315k (-8.9%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Catholic Association of Latino Leaders Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Ignite Missions Honduras Inc ($315k), Arch Bishop Fulton John Sheen Foundation ($315k) and Catholic Music Initiative Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $129k (31% of expenses). Other salaries and wages came to $68k. At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 3 employees.