Latino Arts Inc

Analysis

Latino Arts Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Latino Arts Inc reported income of $318k and spending of $330k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $324k to $318k (-1.6%), an average of -0.4% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latino Arts Inc 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 63rd percentile, and in the 62nd percentile within WI. Charities of a similar size with the same main cause include South Jersey Innovation Center a NJ Nonprofit Corporation ($318k), Wilson Ornithological Society ($319k) and The Discovery Science Place Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 14% of the total. At year end it held assets of $213k against liabilities of $51k, net assets of $161k.