Latin American and Caribbean Network for Democracy Inc

Analysis

Latin American and Caribbean Network for Democracy Inc is a registered charity in United States, based in Wayland, MA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 and Caribbean Network for Democracy Inc reported income of $351k and spending of $314k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $693k to $351k (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 82%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Latin American and Caribbean Network for Democracy 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 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Hope Project-Liberia ($351k), West Indies Self-Help Inc ($351k) and Diocese of Kumbo ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $79k against liabilities of $0, net assets of $79k.