Madre Latina Organization Inc

Analysis

Madre Latina Organization Inc is a registered charity in United States, based in Waterbury, CT. It received its IRS tax-exemption ruling in July 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Madre Latina Organization Inc reported income of $201k and spending of $116k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $77k to $201k (+161%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Madre Latina Organization Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within CT. Charities of a similar size with the same main cause include High Rise Day Habilitation Center ($201k), Childrens Theatre Alumni Wellness Fund ($201k) and Woodlands Dinner on Main ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.