Latino Resources Inc

Analysis

Latino Resources Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Latino Resources Inc reported income of $350k and spending of $361k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $239k to $350k (+46%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Latino Resources Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Project Belong Va ($350k), Waypoint Youth and Community Center Inc ($350k) and Palm Beach Harvest Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $24k (6.6% of expenses). At year end it held assets of $96k against liabilities of $0, net assets of $96k. It reported 1 employees.