Latino Press Foundation Inc

Analysis

Latino Press Foundation Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Latino Press Foundation Inc reported income of $55k and spending of $49k, spending 90% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $43k to $55k (+28%), an average of +28% a year. The sharpest change came in the year to October 2023, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Press Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include North Bend Educational and Cultural Association ($55k), America Middle East Christian Ministry Inc ($55k) and Charity Across South Lake Inc ($55k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $22k, net assets of -$503.