Latin Center

Analysis

Latin Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 1979, 47 years ago. 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, Latin Center reported income of $1.6m and spending of $1.2m, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.6m (+27%), an average of +8.3% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latin Center sits at the 83rd percentile: it is larger than about 83% 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 Gateway Technical College Foundation Inc ($1.6m), Smith Academy for Excellence Inc ($1.6m) and Texas Extension Education Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.0% of the total. Other salaries and wages came to $840k. At year end it held assets of $4.1m against liabilities of $37k, net assets of $4.1m. It reported 28 employees.