Latin American Studies Association Inc

Analysis

Latin American Studies Association Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in October 1969, 57 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 September 2023, Latin American Studies Association Inc reported income of $1.5m and spending of $2.8m, spending 179% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.2m to $1.5m (-51%), an average of -16% a year. The sharpest change came in the year to September 2023, when income dropped by 48%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Latin American Studies Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Society for the Development of Arts and Humanities of Greater Newburyp ($1.5m), NCW Tech Alliance ($1.5m) and Karuna Center for Peace Building ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $158k (5.7% of expenses). Other salaries and wages came to $742k. At year end it held assets of $9.9m against liabilities of $1.2m, net assets of $8.7m. It reported 12 employees.