Latino Organization of the Southwest

Analysis

Latino Organization of the Southwest is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Latino Organization of the Southwest reported income of $1.3m and spending of $969k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2018 to June 2023, income grew from $273k to $1.3m (+375%), an average of +68% a year. The sharpest change came in the year to June 2023, when income rose by 121%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Organization of the Southwest sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within IL. Charities of a similar size with the same main cause include Kiddy Karousel Day Care Center ($1.3m), El Centro de Servicios Sociales Inc ($1.3m) and Hai Global ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Other salaries and wages came to $687k. At year end it held assets of $695k against liabilities of $126k, net assets of $569k. It reported 19 employees.