World Federation of Free Latvians

Analysis

World Federation of Free Latvians is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, World Federation of Free Latvians reported income of $350k and spending of $349k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $350k (+104%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 104% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, World Federation of Free Latvians sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Kozolchyk National Law Center ($350k), Diocese of Kumbo ($350k) and Hand in Hand Immigration Services ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $33k (9.6% of expenses). At year end it held assets of $243k against liabilities of $4,572, net assets of $239k.