National Latino Education Institute

Analysis

National Latino Education Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, National Latino Education Institute reported income of $647k and spending of $856k, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $647k (-40%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Latino Education Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Carolina Business Capital ($647k), Rocky Mountain Employee Ownership Center ($648k) and Friends of Ft Liberte ($647k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $137k (16% of expenses). Other salaries and wages came to $175k. At year end it held assets of $3.2m against liabilities of $1.7m, net assets of $1.5m. It reported 8 employees.