Latino Proffesionals in Aerospace Inc

Analysis

Latino Proffesionals in Aerospace Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Proffesionals in Aerospace Inc reported income of $903k and spending of $465k, leaving 49% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $376k to $903k (+140%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Latino Proffesionals in Aerospace Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Eye on Your Child Care Center 2 ($903k), The Salvation Army Hollywood Residences Inc ($903k) and The Arc of the Midlands Inc ($903k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $837k against liabilities of $0, net assets of $837k.