Latino Memphis Inc

Analysis

Latino Memphis Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Latino Memphis Inc reported income of $1.8m and spending of $2.5m, spending 134% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $729k to $1.8m (+151%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 86%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Memphis Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Transitional Housing Services Inc ($1.8m), Luv Michael Inc ($1.8m) and Stillwater Domestic Violence Services Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $250k (10% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.3m against liabilities of $327k, net assets of $1.0m. It reported 36 employees.