Latinas on the Verge of Excellence Love Inc

Analysis

Latinas on the Verge of Excellence Love Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Latinas on the Verge of Excellence Love Inc reported income of $603k and spending of $508k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $603k (+158%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 83% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Latinas on the Verge of Excellence Love Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Chicago Aldermanic Black Caucus Foundation ($603k), Covenant Community Development Corporation ($603k) and Blue Heart Foundation Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $90k (18% of expenses). Other salaries and wages came to $260k. At year end it held assets of $578k against liabilities of $89k, net assets of $489k. It reported 13 employees.