Virginia Latino Higher Education Network

Analysis

Virginia Latino Higher Education Network is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in November 2009, 17 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 June 2024, Virginia Latino Higher Education Network reported income of $769k and spending of $227k, leaving 70% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $275k to $769k (+179%), an average of +67% a year. The sharpest change came in the year to June 2024, when income rose by 124%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virginia Latino Higher Education Network sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include College Bridge Inc ($769k), University of California Riverside Alumni Association ($769k) and Mece Inc ($769k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.2m against liabilities of $311k, net assets of $857k.