Latin American Missions Board Inc

Analysis

Latin American Missions Board Inc is a registered charity in United States, based in Mt Pleasant, WI. It received its IRS tax-exemption ruling in January 1980, 46 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Latin American Missions Board Inc reported income of $413k and spending of $169k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $413k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 58% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Latin American Missions Board Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within WI. Charities of a similar size with the same main cause include Love Must Act Inc ($412k), Hope International Ministry Inc ($413k) and Starfysh ($412k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $37k (22% of expenses). Other salaries and wages came to $6,600. At year end it held assets of $945k against liabilities of $103k, net assets of $842k.