Latino Medical Student Association National

Analysis

Latino Medical Student Association National is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Medical Student Association National reported income of $652k and spending of $417k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $137k to $652k (+375%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Latino Medical Student Association National sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within IL. Charities of a similar size with the same main cause include Epilepsy Association ($652k), Emerge a Mens Counseling Service on Domestic Violence Inc ($652k) and Project Yechi ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 34% of the total. At year end it held assets of $749k against liabilities of $0, net assets of $749k.