Latino Medical Student Association Northeast

Analysis

Latino Medical Student Association Northeast is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2015, 11 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 Northeast reported income of $119k and spending of $103k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $216k to $119k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 92% 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 Northeast sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Association of Educators in Imaging and Radiologic Sciences Inc ($119k), Mike Shane Memorial Fund Inc ($119k) and Advocates for the Jewish Mentally Ill Inc ($119k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $201k against liabilities of $0, net assets of $201k.