Latin American and Caribbean Con Sortium of Engineering Inst Inc

Analysis

Latin American and Caribbean Con Sortium of Engineering Inst Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Latin American and Caribbean Con Sortium of Engineering Inst Inc reported income of $395k and spending of $311k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $235k to $395k (+68%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latin American and Caribbean Con Sortium of Engineering Inst Inc 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 66th percentile, and in the 69th percentile within FL. Charities of a similar size with the same main cause include Regional Science and Discovery Center Inc ($395k), Authors Alliance Inc ($395k) and California Association of Teachers of English ($395k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $41k. At year end it held assets of $283k against liabilities of $25k, net assets of $257k. It reported 4 employees.