The Latino Alzheimers and Memory Disorders Alliance

Analysis

The Latino Alzheimers and Memory Disorders Alliance is a registered charity in United States, based in Cicero, IL. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, The Latino Alzheimers and Memory Disorders Alliance reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $402k to $1.6m (+308%), an average of +32% a year. The sharpest change came in the year to December 2019, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Latino Alzheimers and Memory Disorders Alliance 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 84th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Family Centered Treatment Foundation Inc ($1.6m), St Marys Area Ambulance Service Inc ($1.6m) and Oligo Nation ($1.6m).

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 $815k (48% of expenses). Other salaries and wages came to $426k. At year end it held assets of $88k against liabilities of $3,671, net assets of $84k. It reported 7 employees.