International Latino Cultural Center of Chicago

Analysis

International Latino Cultural Center of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1988, 38 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, International Latino Cultural Center of Chicago reported income of $515k and spending of $839k, spending 163% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $515k (-56%), an average of -18% a year. The sharpest change came in the year to June 2021, when income rose by 441%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Latino Cultural Center of Chicago sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Heart of Appalachia Tourism Authority ($515k), Tri-State Christian Fellowship Inc ($515k) and Big Brothers Big Sisters of the Shoals Inc ($515k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $55k (6.6% of expenses). Other salaries and wages came to $213k. At year end it held assets of $784k against liabilities of $80k, net assets of $704k. It reported 5 employees.