Latin Americans United for Progress Inc

Analysis

Latin Americans United for Progress Inc is a registered charity in United States, based in Holland, MI. It received its IRS tax-exemption ruling in October 1986, 40 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Latin Americans United for Progress Inc reported income of $969k and spending of $730k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $176k to $969k (+451%), an average of +135% a year. The sharpest change came in the year to December 2022, when income rose by 164%. 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 Americans United for Progress Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include McCasland Christian Academy ($969k), Rock Island-Milan Education Foundation ($969k) and Help at Your Door ($969k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $97k (13% of expenses). Other salaries and wages came to $192k. At year end it held assets of $581k against liabilities of $65k, net assets of $516k. It reported 9 employees.