Latcom

Analysis

Latcom is a registered charity in United States, based in New Castle, PA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Latcom reported income of $547k and spending of $647k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $842k to $547k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latcom sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within PA. Charities of a similar size with the same main cause include Wishing Star Foundation ($547k), Walker Senior Housing Corporation X ($547k) and Conference of Big Five School Districts ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). Other salaries and wages came to $142k. At year end it held assets of $376k against liabilities of $43k, net assets of $333k. It reported 5 employees.