Latino Child Care Association of Maryland Inc

Analysis

Latino Child Care Association of Maryland Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Latino Child Care Association of Maryland Inc reported income of $87k and spending of $84k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $87k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Latino Child Care Association of Maryland Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Phillips County Family Education Services Inc ($87k), Outreach Technology Inc ($87k) and Gordon Dove Jr Foundation Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 24% of the total. At year end it held assets of $9,659 against liabilities of $0, net assets of $9,659.