Latino Literacy Now

Analysis

Latino Literacy Now is a registered charity in United States, based in Fallbrook, CA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Latino Literacy Now reported income of $446k and spending of $443k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $446k (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 149%. 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, Latino Literacy Now sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Saucon Valley Community Center Inc ($446k), Newaygo County Council for the Prevention of Child Abuse and Negl ($446k) and Youth for Christ USA Inc ($445k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $96k. It paid $31k in professional fundraising fees. At year end it held assets of $31k against liabilities of $162k, net assets of -$132k. It reported 4 employees.