Latino Corporate Directors Education Foundation

Analysis

Latino Corporate Directors Education Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Corporate Directors Education Foundation reported income of $1.2m and spending of $1.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $1.2m (+160%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latino Corporate Directors Education Foundation 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 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include Coalition for College ($1.2m), Central and Eastern European Schools Association Inc ($1.2m) and Snow Hill Christian Nursery School Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. At year end it held assets of $678k against liabilities of $54k, net assets of $624k.