Latino Support Network

Analysis

Latino Support Network is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in April 2018, 8 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 June 2023, Latino Support Network reported income of $177k and spending of $173k, spending 98% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $194k to $177k (-9.0%), an average of -9.0% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Support Network sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include A Gift of Hope Adoptions Inc ($177k), Raise My Head Foundation ($177k) and Stand in the Gap Coalition ($177k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $22k against liabilities of $4,146, net assets of $18k.