Latinos Progresando

Analysis

Latinos Progresando is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Latinos Progresando reported income of $5.2m and spending of $3.8m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $5.2m (+149%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latinos Progresando sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include The Laguna Playhouse ($5.2m), Shoreshim Inc ($5.2m) and Stages ($5.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $117k (3.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $9.4m against liabilities of $1.2m, net assets of $8.2m. It reported 28 employees.