Comunidades Latinas Unidas En Servicio Inc

Analysis

Comunidades Latinas Unidas En Servicio Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Comunidades Latinas Unidas En Servicio Inc reported income of $15.4m and spending of $14.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.9m to $15.4m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Comunidades Latinas Unidas En Servicio Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include First Resources Corp ($15.4m), Community Alternatives Incorporated ($15.4m) and FSG Inc ($15.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $378k (2.6% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $12.4m against liabilities of $2.4m, net assets of $10.0m. It reported 194 employees.