Latitude GLC Inc

Analysis

Latitude GLC Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Latitude GLC Inc reported income of $93k and spending of $90k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $93k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Latitude GLC Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 32nd percentile within MN. Charities of a similar size with the same main cause include Paula Dunn Ministries Inc ($93k), Iglesia de Dios Amor Y Paz Inc ($93k) and Nechung Buddhist Center ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.