Latin United Community Housing Association

Analysis

Latin United Community Housing Association is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1984, 42 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 December 2023, Latin United Community Housing Association reported income of $1.4m and spending of $1.6m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.4m (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latin United Community Housing Association sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Montessori Progressive Learning Center Inc ($1.4m), Padi Aware Foundation ($1.4m) and Beta Alpha Psi National Council ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $110k (6.7% of expenses). Other salaries and wages came to $900k. At year end it held assets of $4.8m against liabilities of $2.5m, net assets of $2.3m. It reported 23 employees.