The Latino Student Fund

Analysis

The Latino Student Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, The Latino Student Fund reported income of $855k and spending of $1.0m, spending 122% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $660k to $855k (+29%), an average of +6.7% a year. The sharpest change came in the year to August 2020, when income rose by 55%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Latino Student Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 52nd percentile within DC. Charities of a similar size with the same main cause include Joplin Area Chamber of Commerce Foundation ($855k), Strengthbuilding Partners ($855k) and Recovery Court of Sumner County Inc ($855k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 101% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $118k (11% of expenses). Other salaries and wages came to $444k. At year end it held assets of $950k against liabilities of $101k, net assets of $849k. It reported 8 employees.