Fuente Latina Inc

Analysis

Fuente Latina Inc is a registered charity in United States, based in Hollywood, FL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Fuente Latina Inc reported income of $3.4m and spending of $2.2m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.4m (+115%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fuente Latina Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Pacific Missionary Aviation ($3.4m), American Friends of Latet Humanitarian Aid Inc ($3.4m) and Marion Medical Mission ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $209k (9.5% of expenses). Other salaries and wages came to $722k. At year end it held assets of $3.8m against liabilities of $49k, net assets of $3.8m. It reported 7 employees.