Latinos Salud Inc

Analysis

Latinos Salud Inc is a registered charity in United States, based in Wilton Manors, FL. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Latinos Salud Inc reported income of $15.2m and spending of $16.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $15.2m (+535%), an average of +59% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latinos Salud Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Legacy Traditional School- Avondale Inc ($15.2m), Kipp Kansas City ($15.2m) and Hebrew Language Academy Charter School ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $545k (3.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.4m against liabilities of $77k, net assets of $6.3m. It reported 66 employees.