National Assn of Latino Elected Officials Naleo Education Fund

Analysis

National Assn of Latino Elected Officials Naleo Education Fund is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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, National Assn of Latino Elected Officials Naleo Education Fund reported income of $10.4m and spending of $12.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.5m to $10.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Assn of Latino Elected Officials Naleo Education Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Walnut Hills Retirement Communities Inc ($10.4m), Outreach Foundation of the Presbyterian Church Inc ($10.4m) and The Augusta Preparatory Day School ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $501k (4.2% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $8.0m against liabilities of $2.5m, net assets of $5.5m. It reported 66 employees.