Latino Action Network Foundation Inc

Analysis

Latino Action Network Foundation Inc is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in October 2016, 10 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 June 2023, Latino Action Network Foundation Inc reported income of $4.2m and spending of $4.4m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $843k to $4.2m (+401%), an average of +71% a year. The sharpest change came in the year to June 2023, when income rose by 159%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Action Network Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Villa St Francis Inc ($4.2m), Blinknow Foundation a NJ Nonprofitcorporation ($4.2m) and Evangel Health Care Charities Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $396k. At year end it held assets of $317k against liabilities of $15k, net assets of $301k. It reported 10 employees.